400 N Oregon StSpring BayIL61611
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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 Spring Bay at 400 N Oregon St, Spring Bay, IL, 61611 at $170,000 posts ROI 30.11% with $479/mo cash flow from $1,658/mo rent. Total monthly income equals $1,658/mo, and annual cash flow records $5,747/yr on $56,355 to close. Return on cash invested measures 30.11% and rental yield reads 11.7% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 158.5% and total cumulative return in cash totals $89,325.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,658/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
0.28 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: Karen Grotts • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls ID: #PA1262630