1494 Timber Ridge CtKankakeeIL60901
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 Kankakee at 1494 Timber Ridge Ct, Kankakee, IL, 60901 uses $53,703 cash to close to unlock $8,835/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $793/mo payment keeps the spread at $736/mo. Purchase price stands at $162,000, and rental yield measures 13.78% with $1,860/mo rent. Return on cash invested shows 36.36% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 192.09% and total cumulative return in cash records $103,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $793/mo payment rather than investor’s personal income.
Multi Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60901, Kankakee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,840 (100%) |
| Owner Occupied HU | 8,017 (54.0%) |
| Renter Occupied HU | 5,123 (34.5%) |
| Vacant Housing Units | 1,700 (11.5%) |
| Median Home Value | $164,120 |
| Average Home Value | $210,330 |
Housing Distribution
Address Breakdown
Residential
13,288
Single Family
11,785
Multi-Family
1,503
Businesses
1,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices