4755 N Grandview DrPeoria HeightsIL61616
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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 Heights at 4755 N Grandview Dr, Peoria Heights, IL, 61616 priced at $1,235,000 converts $6,047/mo rent into after a $6,045/mo obligation. Total monthly income equals $6,047/mo. Return on cash invested prints 12.64% in year one, and rental yield reads 5.88% against a $1,235,000 entry. Equity gained on principal adds $7,969/yr, while 5% annual appreciation compiles into $341,208 by year five. Five-year ROI reaches 64.82% and total cumulative return in cash sums $259,364. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,047/mo property income covering a $6,045/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61616, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,484 (53.8%) |
| Renter Occupied HU | 976 (35.4%) |
| Vacant Housing Units | 300 (10.9%) |
| Median Home Value | $108,245 |
| Average Home Value | $174,208 |
Housing Distribution
Address Breakdown
Residential
3,047
Single Family
2,417
Multi-Family
630
Businesses
274
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Listed by: Marilyn R Kohn • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254303
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.