523 Eagle Dr #0LaconIL61540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lacon at 523 Eagle Dr #0, Lacon, IL, 61540 priced at $189,900 pairs $4,068/mo rent with $2,751/mo cash flow after a $929/mo payment. Total monthly income equals $4,068/mo, and annual cash flow comes to $33,015/yr on $62,952 invested. Return on cash invested is 72.35% in year one, and rental yield stands at 25.71% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 385.1% and total cumulative return in cash reaches $242,429. For financing, Ziffy Mortgage’s DSCR program evaluates $4,068/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Fonner • Sunflower Real Estate Group LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12101484
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)