401 SW Water St UNIT 404PeoriaIL61602
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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 Peoria at 401 SW Water St UNIT 404, Peoria, IL, 61602 listed at $429,900 pairs $3,656/mo rent with a $2,104/mo payment. Total monthly income runs $3,656/mo. Return on cash invested measures 18.65% in year one, and rental yield registers 10.21% at a $429,900 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,773 by year five. Five-year ROI tracks 99.58% and total cumulative return in cash totals $141,919. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,656/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1910
N/A lot
$N/A/sqft
$654 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61602, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 98 (13.1%) |
| Renter Occupied HU | 510 (68.1%) |
| Vacant Housing Units | 141 (18.8%) |
| Median Home Value | $251,429 |
| Average Home Value | $222,653 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
172
Multi-Family
655
Businesses
629
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Listed by: Zachary Oyler • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1251967
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.