312 S Broad 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 312 S Broad St, Lanark, IL, 61046 earns $112/mo cash flow from $971/mo rent with a $606/mo payment. Total monthly income totals $971/mo, and annual cash flow totals $1,344/yr on $41,073 capital. ROI tracks 23.18% on current figures, and rental yield reads 9.4% at a $123,900 purchase. Equity gained on principal adds $800/yr, and 5% annual appreciation supports $34,231 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash sums $49,904. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $971/mo property income instead of your personal income.
Single Family
Built in 1900
10,018 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: THOMAS MILLER • Lake Carroll Realty Inc.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500847
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.