997 S Evergreen 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 997 S Evergreen Ave, Kankakee, IL, 60901 uses $71,273 cash to close to unlock $6,288/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $2,015/mo, and a $1,052/mo payment keeps the spread at $524/mo. Purchase price stands at $215,000, and rental yield measures 11.25% with $2,015/mo rent. Return on cash invested shows 28.73% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 151.21% and total cumulative return in cash records $107,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,015/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1910
7,013 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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