725 Independence DrBourbonnaisIL60914
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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 Bourbonnais at 725 Independence Dr, Bourbonnais, IL, 60914 priced at $299,000 converts $2,160/mo rent into $87/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $1,038/yr on $99,119 invested. Return on cash invested prints 20.96% in year one, and rental yield reads 8.67% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 109.47% and total cumulative return in cash sums $108,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1982
0.28 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: Kelly Winterroth • McColly Bennett Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12475309