355 S Evergreen 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 355 S Evergreen Ave, Kankakee, IL, 60901 with 5% annual appreciation on a $155,900 basis while $1,875/mo rent supports operations. Total monthly income totals $1,875/mo and a $763/mo payment preserves $794/mo for cash returns. Annual cash flow comes to $9,524/yr on $51,681 deployed, and return on cash invested reaches 38.34% in year one. Equity gained on principal adds $1,006/yr, and five-year appreciation sums $43,072 alongside rental yield of 14.43%. Five-year ROI measures 202.7% and total cumulative return in cash totals $104,758.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,875/mo property income versus a $763/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
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
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