254 W Peoria Ave

APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Property Overview:

• Type: Single Family Home

• Size: 1,017 sqft

• Bedrooms: 2

• Bathrooms: 1

• Lot Size: 0.130 Acres l

• Year Built: —

• Status: Tenant-Occupied – Income Producing

• Assignment Price: $30,000

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Property Highlights:

• Immediate income – tenant currently paying $600/month on a month-to-month lease

• No vacancies or tenant turnover – start earning from day one

• All major systems functional – low-maintenance property

• Great location in North Decatur, close to schools, shopping, and public transport

• Ideal for buy-and-hold investors looking for affordable, steady cash flow

• Flexible tenancy – tenant can stay or vacate depending on investor’s strategy

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Condition:

• Well maintained by current tenant

• No major repairs reported

• Light cosmetic updates optional to increase rent potential

Financial Snapshot:

• Current Rent: $600/month

• Annual Gross Income: $7,200

• Purchase Price: $30,000

• Cap Rate Estimate: 20%+ (based on current rent and minimal expenses)

• Lease: Month-to-Month

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Investment Potential:

• Below-market deal with immediate cash flow

• Opportunity to increase rent after light improvements or upon tenant turnover

• Perfect for investors seeking low-entry, high-yield properties in Central Illinois

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