31-44 Wakonda 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 31-44 Wakonda Dr, Lanark, IL, 61046 priced at $325,000 converts $2,641/mo rent into $386/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,641/mo, and annual cash flow totals $4,637/yr on $107,738 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 9.75% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 126.92% and total cumulative return in cash sums $136,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,641/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 2007
1.05 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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