695 S Foley 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
Rental property for sale in Kankakee at 695 S Foley Ave, Kankakee, IL, 60901 priced at $125,000 converts $2,468/mo rent into $1,601/mo cash flow after a $612/mo obligation. Total monthly income equals $2,468/mo, and annual cash flow totals $19,209/yr on $41,438 invested. Return on cash invested prints 66.27% in year one, and rental yield reads 23.69% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 352.42% and total cumulative return in cash sums $146,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,468/mo property income covering a $612/mo payment, not borrower’s personal income.
Home Type Unknown
Built in 1947
4,000 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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