703 Grand View AvePekinIL61554
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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
Rental property for sale in Pekin at 703 Grand View Ave, Pekin, IL, 61554 priced at $175,500 converts $1,348/mo rent into $105/mo cash flow after a $859/mo obligation. Total monthly income equals $1,348/mo, and annual cash flow totals $1,261/yr on $58,178 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 9.22% against a $175,500 entry. Equity gained on principal adds $1,132/yr, while 5% annual appreciation compiles into $48,487 by year five. Five-year ROI reaches 115.73% and total cumulative return in cash sums $67,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,348/mo property income covering a $859/mo payment, not borrower’s personal income.
Single Family
Built in 1951
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61554, Pekin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,914 (100%) |
| Owner Occupied HU | 12,286 (65.0%) |
| Renter Occupied HU | 4,861 (25.7%) |
| Vacant Housing Units | 1,767 ( 9.3%) |
| Median Home Value | $140,753 |
| Average Home Value | $179,959 |
Housing Distribution
Address Breakdown
Residential
18,167
Single Family
17,205
Multi-Family
962
Businesses
1,000
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Listed by: Lisa Crocker • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1260565
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.