223 W Leland StLanarkIL61046
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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 223 W Leland St, Lanark, IL, 61046 with 5% annual appreciation on a $124,900 basis while $1,098/mo rent supports operations. Total monthly income totals $1,098/mo and a $611/mo payment preserves $232/mo for cash returns. Annual cash flow comes to $2,784/yr on $41,404 deployed, and return on cash invested reaches 26.63% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 10.55%. Five-year ROI measures 139.83% and total cumulative return in cash totals $57,898.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,098/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
6,969 sqft 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
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Listed by: Amy Barnes • Barnes Realty, Inc.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502457
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.