919 W 3rd StPeoriaIL61605
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 919 W 3rd St, Peoria, IL, 61605 in Peoria at $229,000. Rental yield 6.98%. The 6.98% yield and 1.29 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $63,268 by year five, and $2,109/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $71,106.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.2% |
| Monthly Cash Flow | $(256) | $450 |
City averages based on Peoria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,332 |
| Total Monthly Debt Service | $1,497 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1940
3,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61605, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,949 (100%) |
| Owner Occupied HU | 2,320 (33.4%) |
| Renter Occupied HU | 3,360 (48.4%) |
| Vacant Housing Units | 1,269 (18.3%) |
| Median Home Value | $50,913 |
| Average Home Value | $137,629 |
Housing Distribution
Address Breakdown
Residential
5,789
Single Family
4,899
Multi-Family
890
Businesses
258
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 1940
3,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61605, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,949 (100%) |
| Owner Occupied HU | 2,320 (33.4%) |
| Renter Occupied HU | 3,360 (48.4%) |
| Vacant Housing Units | 1,269 (18.3%) |
| Median Home Value | $50,913 |
| Average Home Value | $137,629 |
Housing Distribution
Address Breakdown
Residential
5,789
Single Family
4,899
Multi-Family
890
Businesses
258
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Ball • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255859
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.