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Kankakee, IL — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

5.5%

Below average

Monthly Cash Flow

-$173

After all expenses

Price-to-Rent

11.4

Investor-friendly

DSCR

0.86

Fails

📊 Key Metrics

Median Home Price
$214,740
Average Rent (3BR)
$1,460/mo
Price-to-Rent Ratio
11.4(good)
1% Rule
0.73%(fails — need 1%+)
Cash-on-Cash Return
-3.8%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Kankakee for Investors

60910
Cap Rate: 7.9%Cash Flow: +$186/mo$147,605
60901
Cap Rate: 7.5%Cash Flow: +$140/mo$158,083
60424
Cap Rate: 5.5%Cash Flow: -$173/mo$239,891

All Zip Codes in Kankakee

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
609107.9%+$186$147,605$1,440/mo1.24
609017.5%+$140$158,083$1,470/mo1.17
604245.5%-$173$239,891$1,760/mo0.86
609224.9%-$264$216,768$1,460/mo0.77
609644.3%-$365$214,740$1,320/mo0.68