401 W Armstrong AvePeoriaIL61604
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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 401 W Armstrong Ave, Peoria, IL, 61604 offers $2,123/mo rent that, after a $808/mo payment, leaves $978/mo cash flow. Total monthly income is $2,123/mo, and annual cash flow is $11,737/yr on $54,698 cash. Return on cash invested measures 41.37% in year one, and rental yield stands at 15.44% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 218.97% and total cumulative return in cash reaches $119,771. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,123/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1884
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61604, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,182 (100%) |
| Owner Occupied HU | 7,911 (55.8%) |
| Renter Occupied HU | 4,547 (32.1%) |
| Vacant Housing Units | 1,724 (12.2%) |
| Median Home Value | $105,578 |
| Average Home Value | $135,191 |
Housing Distribution
Address Breakdown
Residential
12,779
Single Family
11,446
Multi-Family
1,333
Businesses
549
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