151 Lake Carroll BlvdLanarkIL61046
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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
Investment property for sale in Lanark at 151 Lake Carroll Blvd, Lanark, IL, 61046 offers a 13.51% rental yield on a $239,000 purchase with $2,690/mo rent. Total monthly income registers $2,690/mo, and a $1,170/mo payment leaves $817/mo available for distribution. Annual cash flow reaches $9,799/yr on $79,229 to close, and return on cash invested stands at 32.28% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 171.35% and total cumulative return in cash at $135,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,690/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
1.57 Acres lot
$N/A/sqft
$2,585 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61046, Lanark, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,063 (100%) |
| Owner Occupied HU | 1,036 (50.2%) |
| Renter Occupied HU | 234 (11.3%) |
| Vacant Housing Units | 793 (38.4%) |
| Median Home Value | $169,063 |
| Average Home Value | $234,614 |
Housing Distribution
Address Breakdown
Residential
1,478
Single Family
1,462
Multi-Family
16
Businesses
83
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Listed by: JULIE WENZEL • Re/Max Town Lake & Country
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403450
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.