309 S 1st StSouth PekinIL61564
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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
Investment property for sale in South Pekin at 309 S 1st St, South Pekin, IL, 61564 uses $50,720 cash to close to unlock $1,063/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $749/mo payment keeps the spread at $89/mo. Purchase price stands at $153,000, and rental yield measures 9.02% with $1,150/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 115.1% and total cumulative return in cash records $58,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $749/mo payment rather than investor’s personal income.
Single Family
Built in 2004
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61564, South Pekin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 285 (66.6%) |
| Renter Occupied HU | 100 (23.4%) |
| Vacant Housing Units | 43 (10.0%) |
| Median Home Value | $106,419 |
| Average Home Value | $165,096 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls ID: #PA1260649