324 W Ivy LnPeoriaIL61614
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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 324 W Ivy Ln, Peoria, IL, 61614 priced at $250,000 converts $2,140/mo rent into $406/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,140/mo, and annual cash flow totals $4,867/yr on $82,875 invested. Return on cash invested prints 25.78% in year one, and rental yield reads 10.27% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 135.34% and total cumulative return in cash sums $112,162. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,140/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61614, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,066 (100%) |
| Owner Occupied HU | 8,303 (59.0%) |
| Renter Occupied HU | 4,339 (30.8%) |
| Vacant Housing Units | 1,424 (10.1%) |
| Median Home Value | $184,935 |
| Average Home Value | $222,170 |
Housing Distribution
Address Breakdown
Residential
13,590
Single Family
9,645
Multi-Family
3,945
Businesses
1,019
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