500 NE Madison 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
Rental property for sale in Peoria at 500 NE Madison Ave, Peoria, IL, 61603 priced at $1,750,000 converts $1,477/mo rent into after a $8,565/mo obligation. Total monthly income equals $1,477/mo. Return on cash invested prints -2.19% in year one, and rental yield reads 1.01% against a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation compiles into $483,493 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,477/mo property income covering a $8,565/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
10,454 sqft 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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