114 N Fulton StLaconIL61540
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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
Rental property for sale in Lacon at 114 N Fulton St, Lacon, IL, 61540 priced at $174,990 converts $1,505/mo rent into $292/mo cash flow after a $856/mo obligation. Total monthly income equals $1,505/mo, and annual cash flow totals $3,501/yr on $58,009 invested. Return on cash invested prints 25.94% in year one, and rental yield reads 10.32% against a $174,990 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,347 by year five. Five-year ROI reaches 136.21% and total cumulative return in cash sums $79,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,505/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1873
0.52 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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