614 Eagle DrLaconIL61540
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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 Lacon at 614 Eagle Dr, Lacon, IL, 61540 priced at $319,900 pairs $840/mo rent with after a $1,566/mo payment. Total monthly income equals $840/mo. Return on cash invested is 4.3% in year one, and rental yield stands at 3.15% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 20.13% and total cumulative return in cash reaches $21,344. For financing, Ziffy Mortgage’s DSCR program evaluates $840/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
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
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Listed by: Alex J Smith • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259994
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.