1245 Patriot WayBourbonnaisIL60914
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 Bourbonnais at 1245 Patriot Way, Bourbonnais, IL, 60914 offers a 9.01% rental yield on a $389,900 purchase with $2,926/mo rent. Total monthly income registers $2,926/mo, and a $1,908/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,663/yr on $129,252 to close, and return on cash invested stands at 21.97% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 114.86% and total cumulative return in cash at $148,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,926/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60914, Bourbonnais, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,142 (100%) |
| Owner Occupied HU | 7,435 (66.7%) |
| Renter Occupied HU | 2,976 (26.7%) |
| Vacant Housing Units | 731 ( 6.6%) |
| Median Home Value | $234,333 |
| Average Home Value | $255,617 |
Housing Distribution
Address Breakdown
Residential
11,025
Single Family
10,552
Multi-Family
473
Businesses
797
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Krause • Berkshire Hathaway HomeServices Speckman Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12408093