2021 Waters Edge DrMinookaIL60447
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2021 Waters Edge Dr, Minooka, IL, 60447 in Minooka is narrow, $83/mo net on $2,982/mo rent after the $1,798/mo debt service, but the property operates at break-even-plus, not a loss. At $399,900 with a 8.95% yield, the long-run equity case via 5% appreciation ($110,485 over five years) and $3,683/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.66 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $158,857.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.5% |
| Monthly Cash Flow | $83 | $1,200 |
City averages based on Minooka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,982 |
| Total Monthly Debt Service | $2,740 |
| DSCR Ratio | 1.09x |
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 2024
4,935 sqft lot
$N/A/sqft
$125 monthly 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 2024
4,935 sqft lot
$N/A/sqft
$125 monthly 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