1581 S 4th AveKankakeeIL60901
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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 1581 S 4th Ave, Kankakee, IL, 60901 uses $52,709 cash to close to unlock $1,684/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,243/mo, and a $778/mo payment keeps the spread at $140/mo. Purchase price stands at $159,000, and rental yield measures 9.38% with $1,243/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 121.03% and total cumulative return in cash records $63,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,243/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,405 sqft 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
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