609 W Armstrong Ave UNIT 1-2PeoriaIL61606
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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 609 W Armstrong Ave UNIT 1-2, Peoria, IL, 61606 earns $397/mo cash flow from $1,198/mo rent with a $565/mo payment. Total monthly income totals $1,198/mo, and annual cash flow totals $4,766/yr on $38,288 capital. ROI tracks 32.36% on current figures, and rental yield reads 12.45% at a $115,500 purchase. Equity gained on principal adds $745/yr, and 5% annual appreciation supports $31,911 over five years. Five-year ROI reaches 170.68% and total cumulative return in cash sums $65,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,198/mo property income instead of your personal income.
Multi Family
Built in 1900
6,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61606, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 928 (30.0%) |
| Renter Occupied HU | 1,502 (48.5%) |
| Vacant Housing Units | 664 (21.5%) |
| Median Home Value | $142,609 |
| Average Home Value | $171,385 |
Housing Distribution
Address Breakdown
Residential
2,558
Single Family
1,860
Multi-Family
698
Businesses
158
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