621 E Sciota AvePeoria HeightsIL61616
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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 Heights at 621 E Sciota Ave, Peoria Heights, IL, 61616 uses $64,941 cash to close to unlock $10,140/yr annual cash flow and $845/mo monthly cash flow. Total monthly income runs $2,204/mo, and a $959/mo payment keeps the spread at $845/mo. Purchase price stands at $195,900, and rental yield measures 13.5% with $2,204/mo rent. Return on cash invested shows 35.52% in year one, and 5% annual appreciation builds toward $54,124 over five years. Five-year ROI reaches 187.64% and total cumulative return in cash records $121,853. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,204/mo property income covering a $959/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61616, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,484 (53.8%) |
| Renter Occupied HU | 976 (35.4%) |
| Vacant Housing Units | 300 (10.9%) |
| Median Home Value | $108,245 |
| Average Home Value | $174,208 |
Housing Distribution
Address Breakdown
Residential
3,047
Single Family
2,417
Multi-Family
630
Businesses
274
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Listed by: Joe DePauw • eXp Realty
Mls Name: RMLS Alliance
Mls ID: #PA1258674