589 W Station StKankakeeIL60901
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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
Rental property for sale in Kankakee at 589 W Station St, Kankakee, IL, 60901 priced at $138,400 converts $1,708/mo rent into $728/mo cash flow after a $677/mo obligation. Total monthly income equals $1,708/mo, and annual cash flow totals $8,731/yr on $45,880 invested. Return on cash invested prints 38.94% in year one, and rental yield reads 14.81% against a $138,400 entry. Equity gained on principal adds $893/yr, while 5% annual appreciation compiles into $38,237 by year five. Five-year ROI reaches 206.13% and total cumulative return in cash sums $94,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,708/mo property income covering a $677/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,000 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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