518 W Willcox AvePeoriaIL61604
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
Investment Highlights
Rental property for sale in Peoria at 518 W Willcox Ave, Peoria, IL, 61604 priced at $119,900 converts $964/mo rent into $132/mo cash flow after a $587/mo obligation. Total monthly income equals $964/mo, and annual cash flow totals $1,586/yr on $39,747 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 9.65% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 125.35% and total cumulative return in cash sums $49,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $964/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,480 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices