3011 W Parkridge DrPeoriaIL61604
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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 Peoria at 3011 W Parkridge Dr, Peoria, IL, 61604 generates $2,346/mo in rent and, after a $929/mo payment, leaves $1,011/mo in cash flow. Total monthly income is $2,346/mo, and annual cash flow is $12,135/yr on $62,952 invested. Return on cash invested sits at 39.19% in year one, and rental yield is 14.82% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 207.37% and total cumulative return in cash sums $130,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,346/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61604, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,182 (100%) |
| Owner Occupied HU | 7,911 (55.8%) |
| Renter Occupied HU | 4,547 (32.1%) |
| Vacant Housing Units | 1,724 (12.2%) |
| Median Home Value | $105,578 |
| Average Home Value | $135,191 |
Housing Distribution
Address Breakdown
Residential
12,779
Single Family
11,446
Multi-Family
1,333
Businesses
549
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Listed by: Angie Powers • Keller Williams Revolution.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254638
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.