6211 N Chad Ct, Peoria, IL, 61615 | $234/mo Cash Flow

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6211 N Chad Ct, Peoria, IL, 61615 | $234/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Listed for sale today

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Peoria at 6211 N Chad Ct, Peoria, IL, 61615 listed at $199,900 pairs $1,620/mo rent with a $978/mo payment to leave $234/mo cash flow. Total monthly income runs $1,620/mo, and annual cash flow reaches $2,806/yr on $66,267 cash to close. Return on cash invested measures 24.14% in year one, and rental yield registers 9.72% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 126.53% and total cumulative return in cash totals $83,845. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,620/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1978

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

COMING SOON! Discover endless possibilities in this sprawling 3-4BR ranch that's ready to become your canvas for creating the perfect home. This property offers exceptional potential with recent updates including windows, siding, shingles, furnace, central air & remodeled kitchen that provide a solid foundation for your personal touches. The heart of this home features a fully applianced eat-in kitchen with Corian countertops, tile backsplash, pantry plus an island breakfast bar perfect for casual dining. Adjacent to the kitchen, you'll find a spacious formal dining room ideal for entertaining. Main floor family room, complete with a cozy fireplace, creates an inviting gathering space. The primary suite features a walk-in closet & private bathroom, while a versatile main floor den could easily serve as a 4th bedroom. With 2 full & 2 half bathrooms, convenience is never compromised. Step outside onto the impressive 35 x 13 deck overlooking a fully fenced backyard, perfect for outdoor relaxation. The expansive lower level features a huge recreation room & exercise room, plus a large 21 x 167 workshop/storage area for all your projects & belongings. Practical amenities include a 2 stall attached garage with pull-down attic stairs & a new all-in-one washer dryer installed in 2025. Located in the desirable Lynnhurst subdivision near The Shoppes at Grand Prairie, you'll enjoy convenient access to shopping & dining and Route 6. Home sold as-is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 61615, Peoria, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,255 (100%)
Owner Occupied HU	7,052 (57.5%)
Renter Occupied HU	4,115 (33.6%)
Vacant Housing Units	1,088 ( 8.9%)
Median Home Value	$251,998
Average Home Value	$296,530