1012 2nd StLaconIL61540
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
Investment Highlights
Investment property for sale in Lacon at 1012 2nd St, Lacon, IL, 61540 offers a 9.48% rental yield on a $159,990 purchase with $1,264/mo rent. Total monthly income registers $1,264/mo, and a $783/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,852/yr on $53,037 to close, and return on cash invested stands at 23.4% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,202 over five years. Portfolio math shows five-year ROI at 122.58% and total cumulative return in cash at $65,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,264/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61540, Lacon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,289 (100%) |
| Owner Occupied HU | 899 (69.7%) |
| Renter Occupied HU | 232 (18.0%) |
| Vacant Housing Units | 158 (12.3%) |
| Median Home Value | $171,798 |
| Average Home Value | $202,753 |
Housing Distribution
Address Breakdown
Residential
1,160
Single Family
1,106
Multi-Family
54
Businesses
132
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