315 Lighthouse RdHarrisburgIL62946
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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 Harrisburg at 315 Lighthouse Rd, Harrisburg, IL, 62946 priced at $265,000 converts $1,020/mo rent into after a $1,297/mo obligation. Total monthly income equals $1,020/mo. Return on cash invested prints 8.73% in year one, and rental yield reads 4.62% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 43.89% and total cumulative return in cash sums $38,559. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1971
5.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62946, Harrisburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,954 (100%) |
| Owner Occupied HU | 3,629 (61.0%) |
| Renter Occupied HU | 1,463 (24.6%) |
| Vacant Housing Units | 862 (14.5%) |
| Median Home Value | $126,021 |
| Average Home Value | $149,213 |
Housing Distribution
Address Breakdown
Residential
5,385
Single Family
5,143
Multi-Family
242
Businesses
575
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Listed by: Ayn M Bartok • All In One Real Estate Company
Mls Name: RMLS Alliance
Mls ID: #EB459273