60 Laurel DrCantonIL61520
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 60 Laurel Dr, Canton, IL, 61520 in Canton hard to pass up. The 24.72% gross yield on a $235,000 purchase results in $4,841/mo in rent and $3,067/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.58). Annual cash flow of $36,805, five-year appreciation of $64,926, and $2,164/yr in equity build-up combine for a projected total cumulative return of $287,876.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.7% | 8.0% |
| Monthly Cash Flow | $3,067 | $300 |
City averages based on Canton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,841 |
| Total Monthly Debt Service | $1,680 |
| DSCR Ratio | 2.88x |
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.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
$70 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61520, Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,481 (100%) |
| Owner Occupied HU | 4,774 (63.8%) |
| Renter Occupied HU | 1,833 (24.5%) |
| Vacant Housing Units | 874 (11.7%) |
| Median Home Value | $121,170 |
| Average Home Value | $158,401 |
Housing Distribution
Address Breakdown
Residential
6,714
Single Family
6,340
Multi-Family
374
Businesses
482
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
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
$70 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61520, Canton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,481 (100%) |
| Owner Occupied HU | 4,774 (63.8%) |
| Renter Occupied HU | 1,833 (24.5%) |
| Vacant Housing Units | 874 (11.7%) |
| Median Home Value | $121,170 |
| Average Home Value | $158,401 |
Housing Distribution
Address Breakdown
Residential
6,714
Single Family
6,340
Multi-Family
374
Businesses
482
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices