10705 S Kankakee RdReddickIL60961
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 10705 S Kankakee Rd, Reddick, IL, 60961 in Reddick. Priced at $112,000, it generates $1,742/mo in gross rent and $966/mo in net monthly cash flow, a 18.67% yield that comfortably supports the 3.46 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,587. Five-year appreciation: $30,944. Equity from principal paydown: $1,032/yr. Total projected cumulative return: $104,950.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.7% | 10.0% |
| Monthly Cash Flow | $966 | $300 |
City averages based on Reddick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,742 |
| Total Monthly Debt Service | $732 |
| DSCR Ratio | 2.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
4.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60961, Reddick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 416 (100%) |
| Owner Occupied HU | 302 (72.6%) |
| Renter Occupied HU | 43 (10.3%) |
| Vacant Housing Units | 71 (17.1%) |
| Median Home Value | $285,938 |
| Average Home Value | $277,401 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
177
Multi-Family
141
Businesses
10
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
Lot
Built in N/A
4.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60961, Reddick, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 416 (100%) |
| Owner Occupied HU | 302 (72.6%) |
| Renter Occupied HU | 43 (10.3%) |
| Vacant Housing Units | 71 (17.1%) |
| Median Home Value | $285,938 |
| Average Home Value | $277,401 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
177
Multi-Family
141
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices