1118 Burns LnMinookaIL60447
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
Investment Highlights
Investment property for sale in Minooka at 1118 Burns Ln, Minooka, IL, 60447 earns $699/mo cash flow from $2,346/mo rent with a $1,162/mo payment. Total monthly income totals $2,346/mo, and annual cash flow totals $8,389/yr on $78,731 capital. ROI tracks 30.56% on current figures, and rental yield reads 11.85% at a $237,500 purchase. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,617 over five years. Five-year ROI reaches 161.01% and total cumulative return in cash sums $126,765. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,346/mo property income instead of your personal income.
Multi Family
Built in 2005
4,070 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60447, Minooka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,495 (100%) |
| Owner Occupied HU | 4,560 (83.0%) |
| Renter Occupied HU | 807 (14.7%) |
| Vacant Housing Units | 128 ( 2.3%) |
| Median Home Value | $301,501 |
| Average Home Value | $326,234 |
Housing Distribution
Address Breakdown
Residential
5,102
Single Family
4,641
Multi-Family
461
Businesses
391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices