691 W River StBourbonnaisIL60914
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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
Rental property for sale in Bourbonnais at 691 W River St, Bourbonnais, IL, 60914 offers $1,409/mo rent that, after a $915/mo payment, leaves $112/mo cash flow. Total monthly income is $1,409/mo, and annual cash flow is $1,346/yr on $61,991 cash. Return on cash invested measures 22.08% in year one, and rental yield stands at 9.04% at a $187,000 entry. Equity gained on principal adds $1,207/yr while 5% annual appreciation compounds into $51,665 by year five. Five-year ROI records 115.52% and total cumulative return in cash reaches $71,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,409/mo property income versus a $915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60914, Bourbonnais, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,142 (100%) |
| Owner Occupied HU | 7,435 (66.7%) |
| Renter Occupied HU | 2,976 (26.7%) |
| Vacant Housing Units | 731 ( 6.6%) |
| Median Home Value | $234,333 |
| Average Home Value | $255,617 |
Housing Distribution
Address Breakdown
Residential
11,025
Single Family
10,552
Multi-Family
473
Businesses
797
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Listed by: Destiney Dangerfield • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549842