518 W Ridgemont RdPeoriaIL61614
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Peoria rental at 518 W Ridgemont Rd, Peoria, IL, 61614 sits in the solid-income band: 10.83% gross yield, $1,579/mo rent, $309/mo net after the $787/mo debt service, DSCR 2.01. Entry price of $175,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $48,349 and $1,612/yr in principal reduction bring total cumulative return to $87,069.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $309 | $450 |
City averages based on Peoria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,579 |
| Total Monthly Debt Service | $1,201 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
0.28 Acres lot
$N/A/sqft
$30 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61614, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,066 (100%) |
| Owner Occupied HU | 8,303 (59.0%) |
| Renter Occupied HU | 4,339 (30.8%) |
| Vacant Housing Units | 1,424 (10.1%) |
| Median Home Value | $184,935 |
| Average Home Value | $222,170 |
Housing Distribution
Address Breakdown
Residential
13,590
Single Family
9,645
Multi-Family
3,945
Businesses
1,019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1949
0.28 Acres lot
$N/A/sqft
$30 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61614, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,066 (100%) |
| Owner Occupied HU | 8,303 (59.0%) |
| Renter Occupied HU | 4,339 (30.8%) |
| Vacant Housing Units | 1,424 (10.1%) |
| Median Home Value | $184,935 |
| Average Home Value | $222,170 |
Housing Distribution
Address Breakdown
Residential
13,590
Single Family
9,645
Multi-Family
3,945
Businesses
1,019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dorothy Greene • Gallery Homes Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1260682
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.