824 3rd 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 824 3rd St, Lacon, IL, 61540 with 5% annual appreciation on a $189,990 basis while $901/mo rent supports operations. 97% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,491 alongside rental yield of 5.69%. Five-year ROI measures 61.31% and total cumulative return in cash totals $38,613. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $901/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
0.50 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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Listed by: Jill Barclay • EXP Realty, LLC Willow Knolls
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256840
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