302 City StLaconIL61540
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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 Lacon at 302 City St, Lacon, IL, 61540 generates $2,012/mo in rent and, after a $925/mo payment, leaves $701/mo in cash flow. Total monthly income is $2,012/mo, and annual cash flow is $8,413/yr on $62,654 invested. Return on cash invested sits at 33.34% in year one, and rental yield is 12.77% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 175.9% and total cumulative return in cash sums $110,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,012/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61540, Lacon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,289 (100%) |
| Owner Occupied HU | 899 (69.7%) |
| Renter Occupied HU | 232 (18.0%) |
| Vacant Housing Units | 158 (12.3%) |
| Median Home Value | $171,798 |
| Average Home Value | $202,753 |
Housing Distribution
Address Breakdown
Residential
1,160
Single Family
1,106
Multi-Family
54
Businesses
132
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Listed by: Chuck Cook • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1254897
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.