822 5th 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 822 5th St, Lacon, IL, 61540 uses $41,040 cash to close to unlock $12,807/yr annual cash flow and $1,067/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $606/mo payment keeps the spread at $1,067/mo. Purchase price stands at $123,800, and rental yield measures 18.67% with $1,926/mo rent. Return on cash invested shows 51.12% in year one, and 5% annual appreciation builds toward $34,204 over five years. Five-year ROI reaches 271.23% and total cumulative return in cash records $111,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $606/mo payment rather than investor’s personal income.
Single Family
Built in 1905
0.33 Acres 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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