501 Park 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
Investment property for sale in Lacon at 501 Park St, Lacon, IL, 61540 at $159,000 posts ROI 23.83% with $172/mo cash flow from $1,275/mo rent. Total monthly income equals $1,275/mo, and annual cash flow records $2,068/yr on $52,709 to close. Return on cash invested measures 23.83% and rental yield reads 9.62% at the current $159,000. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 by year five. Five-year ROI prints 124.94% and total cumulative return in cash totals $65,856.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,275/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1994
6,534 sqft 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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