719 E Division 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 719 E Division Ave, Peoria Heights, IL, 61616 uses $38,089 cash to close to unlock $9,473/yr annual cash flow and $789/mo monthly cash flow. Total monthly income runs $1,586/mo, and a $562/mo payment keeps the spread at $789/mo. Purchase price stands at $114,900, and rental yield measures 16.56% with $1,586/mo rent. Return on cash invested shows 44.78% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 237.27% and total cumulative return in cash records $90,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,098 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: Sarah Knickerbocker • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257648
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.