629 E Montclair CtPeoria 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 629 E Montclair Ct, Peoria Heights, IL, 61616 offers a 9.6% rental yield on a $199,900 purchase with $1,599/mo rent. Total monthly income registers $1,599/mo, and a $978/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,554/yr on $66,267 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 124.5% and total cumulative return in cash at $82,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,599/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A 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: Tamara Krupps • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls ID: #PA1260387