Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$90,990

For Sale - Active
6831 N Frostwood Pkwy Unit 82, Peoria, IL 61615
2 Beds
1 Bath
1,023 Square Feet
0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Apr 23, 2025 at 10:23PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$185
Cap Rate
8.7%
Cash-on-Cash Return
10.6%
Debt Coverage Ratio
1.39
Internal Rate of Return (5 years)
14.3%

Property Description


0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a

Charming and cozy apartment located in MorningSide Condominiums. This well-maintained condo features modern amenities, a spacious living area, and a beautiful kitchen, new central HVAC (2023) and a garage for additional storage if desired. Enjoy the convenience of nearby shopping, dining, and entertainment options. Relax on your balcony or take advantage of the community amenities. Nice and quiet tenant on a month to month. Great for an investor or owner occupied. Tenants would love to stay if possible.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Alley Access
  • Details: Alley Access
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Foundation: Block
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $225

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1311478082
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1973

Tax Information

  • Annual Tax: $2,011

Utilities

  • Heating: Electric

Location

  • County: Peoria

Listing Details


Listed by:
Misael Chacon
Beycome brokerage realty, LLC
(804) 656-5007

Source:
RMLS Alliance
MLS#: QC4256629
RMLS Alliance

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$185
Cap Rate
8.7%
Cash-on-Cash Return
10.6%
Debt Coverage Ratio
1.39
Internal Rate of Return (5 years)
14.3%

Purchase Details

Find an Agent

Purchase price:
$90,990
Amount financed:
-$72,792
Down payment:
$18,198
Closing costs:
$2,730
Rehab costs:
$0
Initial cash invested:
$20,928
Square feet:
1,023
Cost per square foot:
$89
Monthly rent per square foot:
$1.17

Financing Details

Find a Lender

Loan amount:
$72,792
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$475
Property tax:
$168
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$727

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$168-$2,011
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$468-$5,611

Cash Flow


Monthly Yearly
Net operating income:
$660 $7,920
Mortgage payments:
-$475 -$5,700
Cash flow:
$185 $2,220