361 S Nelson 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 361 S Nelson Ave, Kankakee, IL, 60901 offers a 11% rental yield on a $170,000 purchase with $1,559/mo rent. Total monthly income registers $1,559/mo, and a $832/mo payment leaves $380/mo available for distribution. Annual cash flow reaches $4,559/yr on $56,355 to close, and return on cash invested stands at 28% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 147.2% and total cumulative return in cash at $82,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,559/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1946
7,250 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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