9 Jan 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 9 Jan Ave, Kankakee, IL, 60901 offers $2,692/mo rent that, after a $1,149/mo payment, leaves $1,064/mo cash flow. Total monthly income is $2,692/mo, and annual cash flow is $12,763/yr on $77,836 cash. Return on cash invested measures 36.31% in year one, and rental yield stands at 13.76% at a $234,800 entry. Equity gained on principal adds $1,515/yr while 5% annual appreciation compounds into $64,871 by year five. Five-year ROI records 191.77% and total cumulative return in cash reaches $149,270. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,692/mo property income versus a $1,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.29 Acres 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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