429 E Frye AvePeoriaIL61603
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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 429 E Frye Ave, Peoria, IL, 61603 uses $46,410 cash to close to unlock $1,130/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,065/mo, and a $685/mo payment keeps the spread at $94/mo. Purchase price stands at $140,000, and rental yield measures 9.13% with $1,065/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 116.97% and total cumulative return in cash records $54,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,065/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1884
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61603, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,673 (100%) |
| Owner Occupied HU | 3,136 (40.9%) |
| Renter Occupied HU | 3,124 (40.7%) |
| Vacant Housing Units | 1,413 (18.4%) |
| Median Home Value | $79,801 |
| Average Home Value | $126,921 |
Housing Distribution
Address Breakdown
Residential
6,181
Single Family
5,686
Multi-Family
495
Businesses
419
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