205 State Route 64LanarkIL61046
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 Lanark at 205 State Route 64, Lanark, IL, 61046 uses $76,212 cash to close to unlock $907/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $1,670/mo, and a $1,125/mo payment keeps the spread at $76/mo. Purchase price stands at $229,900, and rental yield measures 8.72% with $1,670/mo rent. Return on cash invested shows 21.1% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 110.22% and total cumulative return in cash records $83,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,670/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1976
2.97 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices