806 W Ridgemont RdPeoriaIL61614
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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 Peoria at 806 W Ridgemont Rd, Peoria, IL, 61614 priced at $155,000 pairs $1,172/mo rent with $97/mo cash flow after a $759/mo payment. Total monthly income equals $1,172/mo, and annual cash flow comes to $1,158/yr on $51,383 invested. Return on cash invested is 22.16% in year one, and rental yield stands at 9.07% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 115.94% and total cumulative return in cash reaches $59,572. For financing, Ziffy Mortgage’s DSCR program evaluates $1,172/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61614, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,066 (100%) |
| Owner Occupied HU | 8,303 (59.0%) |
| Renter Occupied HU | 4,339 (30.8%) |
| Vacant Housing Units | 1,424 (10.1%) |
| Median Home Value | $184,935 |
| Average Home Value | $222,170 |
Housing Distribution
Address Breakdown
Residential
13,590
Single Family
9,645
Multi-Family
3,945
Businesses
1,019
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Listed by: Marjan Tahamtan • Signature Heights Realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257355
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.