503 Lafayette StLa FayetteIL61449
Nearby investment properties with comparable rents
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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 La Fayette at 503 Lafayette St, La Fayette, IL, 61449 at $144,900 posts ROI 27.03% with $285/mo cash flow from $1,290/mo rent. Total monthly income equals $1,290/mo, and annual cash flow records $3,422/yr on $48,034 to close. Return on cash invested measures 27.03% and rental yield reads 10.68% at the current $144,900. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 by year five. Five-year ROI prints 142.1% and total cumulative return in cash totals $68,257.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,290/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61449, La Fayette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 146 (73.0%) |
| Renter Occupied HU | 20 ( 10.0%) |
| Vacant Housing Units | 34 (17.0%) |
| Median Home Value | $164,286 |
| Average Home Value | $172,329 |
Housing Distribution
Address Breakdown
Residential
149
Single Family
149
Multi-Family
0
Businesses
9
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Nearby investment properties with comparable prices
Listed by: Debbie Wright REALTOR • Mel Foster Brokerage, LLC - Mel Foster Co. Kewanee
Mls Name: MEL FOSTER CO.
Mls ID: #QC4264571