1224 Burns LnMinookaIL60447
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1224 Burns Ln, Minooka, IL, 60447 in Minooka hard to pass up. The 12.15% gross yield on a $255,000 purchase results in $2,581/mo in rent and $766/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.25). Annual cash flow of $9,194, five-year appreciation of $70,452, and $2,349/yr in equity build-up combine for a projected total cumulative return of $147,047.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.5% |
| Monthly Cash Flow | $766 | $1,200 |
City averages based on Minooka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,581 |
| Total Monthly Debt Service | $1,714 |
| DSCR Ratio | 1.51x |
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.
Multi Family
Built in 2005
N/A lot
$N/A/sqft
$139 quarterly 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
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
Multi Family
Built in 2005
N/A lot
$N/A/sqft
$139 quarterly 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
Listed by: Tom Wawczak • Century 21 Coleman-Hornsby
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12472149
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)