661 N Indiana 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 661 N Indiana Ave, Kankakee, IL, 60901 at $152,900 posts ROI 31.17% with $476/mo cash flow from $1,536/mo rent. Total monthly income equals $1,536/mo, and annual cash flow records $5,710/yr on $50,686 to close. Return on cash invested measures 31.17% and rental yield reads 12.05% at the current $152,900. Equity gained on principal adds $987/yr, and 5% annual appreciation supports $42,243 by year five. Five-year ROI prints 164.24% and total cumulative return in cash totals $83,248.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,536/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A 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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