609 W Armstrong Ave UNIT 1-2PeoriaIL61606
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 609 W Armstrong Ave UNIT 1-2, Peoria, IL, 61606 in Peoria is listed at $115,500 and delivers $1,198/mo in rent and $397/mo in net monthly cash flow. The 12.45% yield and 2.31 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $31,911 over five years, and $1,064/yr in principal reduction supplements cash return. Total projected cumulative return: $69,775.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 6.2% |
| Monthly Cash Flow | $397 | $450 |
City averages based on Peoria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,198 |
| Total Monthly Debt Service | $755 |
| DSCR Ratio | 1.59x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices