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$324,900

Under Contract
19139 Roy St, Lansing, IL 60438
4 Beds
2 Baths
2,400 Square Feet
0.00 Acres Lot
Built in 1988
Under Contract
Units n/a
Checked: 20 hours ago
Updated: Sep 21, 2025 at 10:09AM

Investment Summary


Monthly Cash Flow
-$28
Cap Rate
5.6%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.6%

Property Description


0.00 Acres Lot
Built in 1988
Under Contract
Units n/a

Welcome to this beautifully cared-for home, nestled in a quiet and serene community. Boasting four bedrooms and two full bathrooms, this generously sized residence offers comfortable living across multiple levels. The inviting foyer opens to a formal living and dining room, perfect for entertaining. The large eat-in kitchen features solid wood cabinetry and overlooks a fully fenced, private backyard complete with a 15x12 deck-ideal for outdoor gatherings and summer relaxation. Upstairs, you'll find three spacious bedrooms and a full bathroom, while the lower level includes a cozy family room with a fireplace, a fourth bedroom, and an additional full bath. The finished basement adds even more living space, including a large laundry room and ample storage. All appliances are included. Recent updates include: two sump pumps, A/C, windows, furnace, and roof. This home has been lovingly maintained by its original owners and is move-in ready.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Concrete, Garage Door Opener, On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 3305306012
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1988

Tax Information

  • Annual Tax: $2,579

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Maria Vega
RE/MAX Realty Assoc.
(708) 785-7848

Source:
Midwest Real Estate Data (MRED)
MLS#: 12440158
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$28
Cap Rate
5.6%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.6%

Purchase Details

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Purchase price:
$324,900
Amount financed:
-$259,920
Down payment:
$64,980
Closing costs:
$9,747
Rehab costs:
$0
Initial cash invested:
$74,727
Square feet:
2,400
Cost per square foot:
$135
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$259,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,538
Property tax:
$215
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,928

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$215-$2,579
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$840-$10,079

Cash Flow


Monthly Yearly
Net operating income:
$1,510 $18,120
Mortgage payments:
-$1,538 -$18,456
Cash flow:
-$28 -$336