814 W Ridge 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
Investment property for sale in Peoria at 814 W Ridge Rd, Peoria, IL, 61614 uses $45,581 cash to close to unlock $7,239/yr annual cash flow and $603/mo monthly cash flow. Total monthly income runs $1,557/mo, and a $673/mo payment keeps the spread at $603/mo. Purchase price stands at $137,500, and rental yield measures 13.59% with $1,557/mo rent. Return on cash invested shows 35.79% in year one, and 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 189.06% and total cumulative return in cash records $86,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,557/mo property income covering a $673/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,700 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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