1166 State Route 26LaconIL61540
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 1166 State Route 26, Lacon, IL, 61540 uses $39,780 cash to close to unlock $1,392/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $948/mo, and a $587/mo payment keeps the spread at $116/mo. Purchase price stands at $120,000, and rental yield measures 9.48% with $948/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 122.58% and total cumulative return in cash records $48,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $948/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.74 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chuck Cook • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254580
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.