228 E Far Hills DrEast PeoriaIL61611
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in East Peoria at 228 E Far Hills Dr, East Peoria, IL, 61611 priced at $249,900 converts $2,265/mo rent into $532/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,265/mo, and annual cash flow totals $6,381/yr on $82,842 invested. Return on cash invested prints 27.61% in year one, and rental yield reads 10.88% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 145.12% and total cumulative return in cash sums $120,218. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,265/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61611, East Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,504 (100%) |
| Owner Occupied HU | 8,235 (71.6%) |
| Renter Occupied HU | 2,082 (18.1%) |
| Vacant Housing Units | 1,187 (10.3%) |
| Median Home Value | $172,922 |
| Average Home Value | $212,663 |
Housing Distribution
Address Breakdown
Residential
10,529
Single Family
10,149
Multi-Family
380
Businesses
861
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Listed by: Drake Scott • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls ID: #PA1262214