315 Pekin AveEast 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 315 Pekin Ave, East Peoria, IL, 61611 generates $978/mo in rent and, after a $611/mo payment, leaves $112/mo in cash flow. Total monthly income is $978/mo, and annual cash flow is $1,344/yr on $41,404 invested. Return on cash invested sits at 23.16% in year one, and rental yield is 9.4% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 121.2% and total cumulative return in cash sums $50,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $978/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
0.25 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: Nicole Grieco • Nicole Grieco Realty
Mls Name: RMLS Alliance
Mls ID: #PA1261553