2922 W Larchmont LnPeoriaIL61615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Peoria at 2922 W Larchmont Ln, Peoria, IL, 61615 generates $2,159/mo in rent and, after a $1,204/mo payment, leaves $453/mo in cash flow. Total monthly income is $2,159/mo, and annual cash flow is $5,435/yr on $81,516 invested. Return on cash invested sits at 26.58% in year one, and rental yield is 10.54% on a $245,900 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation builds toward $67,938 over five years. Five-year ROI reaches 139.59% and total cumulative return in cash sums $113,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,159/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61615, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 7,052 (57.5%) |
| Renter Occupied HU | 4,115 (33.6%) |
| Vacant Housing Units | 1,088 ( 8.9%) |
| Median Home Value | $251,998 |
| Average Home Value | $296,530 |
Housing Distribution
Address Breakdown
Residential
11,409
Single Family
8,904
Multi-Family
2,505
Businesses
1,041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices