8701-8703 N Picture Ridge RdPeoriaIL61615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 8701-8703 N Picture Ridge Rd, Peoria, IL, 61615 in Peoria. At $123,000 it earns $1,176/mo in rent and distributes $205/mo to the owner after the $553/mo payment, a consistent 10.08% yield. DSCR 2.13 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $33,983 in value; $1,133/yr in principal paydown compounds ownership stake. Total projected return: $67,822.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $205 | $450 |
City averages based on Peoria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,176 |
| Total Monthly Debt Service | $804 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61615, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 7,052 (57.5%) |
| Renter Occupied HU | 4,115 (33.6%) |
| Vacant Housing Units | 1,088 ( 8.9%) |
| Median Home Value | $251,998 |
| Average Home Value | $296,530 |
Housing Distribution
Address Breakdown
Residential
11,409
Single Family
8,904
Multi-Family
2,505
Businesses
1,041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61615, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 7,052 (57.5%) |
| Renter Occupied HU | 4,115 (33.6%) |
| Vacant Housing Units | 1,088 ( 8.9%) |
| Median Home Value | $251,998 |
| Average Home Value | $296,530 |
Housing Distribution
Address Breakdown
Residential
11,409
Single Family
8,904
Multi-Family
2,505
Businesses
1,041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda P Kepple • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259282
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.