502 S Johnson StRankinIL60960
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
Investment Highlights
Investment property for sale in Rankin at 502 S Johnson St, Rankin, IL, 60960 at $187,500 posts ROI 32.19% with $636/mo cash flow from $1,937/mo rent. Total monthly income equals $1,937/mo, and annual cash flow records $7,634/yr on $62,156 to close. Return on cash invested measures 32.19% and rental yield reads 12.4% at the current $187,500. Equity gained on principal adds $1,210/yr, and 5% annual appreciation supports $51,803 by year five. Five-year ROI prints 169.77% and total cumulative return in cash totals $105,523.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,937/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60960, Rankin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 472 (100%) |
| Owner Occupied HU | 336 (71.2%) |
| Renter Occupied HU | 79 (16.7%) |
| Vacant Housing Units | 57 (12.1%) |
| Median Home Value | $92,857 |
| Average Home Value | $121,376 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
17
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