28-60 Southview 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
Rental property for sale in Lanark at 28-60 Southview Dr, Lanark, IL, 61046 priced at $339,000 pairs $2,532/mo rent with after a $1,659/mo payment. Total monthly income equals $2,532/mo. Return on cash invested is 19.45% in year one, and rental yield stands at 8.96% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 102.27% and total cumulative return in cash reaches $114,928. For financing, Ziffy Mortgage’s DSCR program evaluates $2,532/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
1.72 Acres lot
$N/A/sqft
$2,685 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: Kayla Block • Fawn Ridge Real Estate Co.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502005
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.