601 Rivers Edge DrMinookaIL60447
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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 Minooka at 601 Rivers Edge Dr, Minooka, IL, 60447 offers a 8.24% rental yield on a $479,500 purchase with $3,294/mo rent. 67% in year one. Equity gained on principal adds $3,094/yr while 5% annual appreciation supports $132,477 over five years. Portfolio math shows five-year ROI at 102.55% and total cumulative return in cash at $163,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,294/mo property income against a $2,347/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60447, Minooka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,495 (100%) |
| Owner Occupied HU | 4,560 (83.0%) |
| Renter Occupied HU | 807 (14.7%) |
| Vacant Housing Units | 128 ( 2.3%) |
| Median Home Value | $301,501 |
| Average Home Value | $326,234 |
Housing Distribution
Address Breakdown
Residential
5,102
Single Family
4,641
Multi-Family
461
Businesses
391
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