27-53 Ridgeview DrLanarkIL61046
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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 27-53 Ridgeview Dr, Lanark, IL, 61046 earns from $3,199/mo rent with a $3,571/mo payment. Total monthly income totals $3,199/mo. ROI tracks 10.75% on current figures, and rental yield reads 5.26% at a $729,500 purchase. Equity gained on principal adds $4,707/yr, and 5% annual appreciation supports $201,547 over five years. Five-year ROI reaches 54.7% and total cumulative return in cash sums $131,293. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,199/mo property income instead of your personal income.
Single Family
Built in 1995
1.47 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
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