419 N Lakeshore DrHanna CityIL61536
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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 Hanna City at 419 N Lakeshore Dr, Hanna City, IL, 61536 offers $1,882/mo rent that, after a $807/mo payment, leaves $738/mo cash flow. Total monthly income is $1,882/mo, and annual cash flow is $8,860/yr on $54,664 cash. Return on cash invested measures 36.12% in year one, and rental yield stands at 13.7% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 190.82% and total cumulative return in cash reaches $104,308. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,882/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61536, Hanna City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,380 (100%) |
| Owner Occupied HU | 1,093 (79.2%) |
| Renter Occupied HU | 196 (14.2%) |
| Vacant Housing Units | 91 ( 6.6%) |
| Median Home Value | $217,940 |
| Average Home Value | $251,882 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,110
Multi-Family
52
Businesses
52
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Listed by: Brian J Monge • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls ID: #PA1262303