22414 S Cedar DrChannahonIL60410
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 22414 S Cedar Dr, Channahon, IL, 60410 in Channahon hard to pass up. The 22.75% gross yield on a $164,300 purchase results in $3,115/mo in rent and $1,976/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.22). Annual cash flow of $23,707, five-year appreciation of $45,393, and $1,513/yr in equity build-up combine for a projected total cumulative return of $189,972.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.8% | 7.0% |
| Monthly Cash Flow | $1,976 | $1,200 |
City averages based on Channahon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,115 |
| Total Monthly Debt Service | $1,074 |
| DSCR Ratio | 2.90x |
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.
Manufactured
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60410, Channahon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,136 (100%) |
| Owner Occupied HU | 4,517 (87.9%) |
| Renter Occupied HU | 472 ( 9.2%) |
| Vacant Housing Units | 147 ( 2.9%) |
| Median Home Value | $330,335 |
| Average Home Value | $363,270 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
5,014
Multi-Family
0
Businesses
368
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
Manufactured
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60410, Channahon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,136 (100%) |
| Owner Occupied HU | 4,517 (87.9%) |
| Renter Occupied HU | 472 ( 9.2%) |
| Vacant Housing Units | 147 ( 2.9%) |
| Median Home Value | $330,335 |
| Average Home Value | $363,270 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
5,014
Multi-Family
0
Businesses
368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices