312 Ritchie StEast PeoriaIL61611
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
Investment property for sale in East Peoria at 312 Ritchie St, East Peoria, IL, 61611 at $130,000 posts ROI 35.3% with $553/mo cash flow from $1,454/mo rent. Total monthly income equals $1,454/mo, and annual cash flow records $6,631/yr on $43,095 to close. Return on cash invested measures 35.3% and rental yield reads 13.42% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 186.38% and total cumulative return in cash totals $80,319.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,454/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.46 Acres 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: Tracey Gerard • Signature Heights Realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257669
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.