1045 Heron CirJolietIL60431
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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 Joliet at 1045 Heron Cir, Joliet, IL, 60431 uses $86,157 cash to close to unlock $304/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $1,828/mo, and a $1,272/mo payment keeps the spread at $25/mo. Purchase price stands at $259,900, and rental yield measures 8.44% with $1,828/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 105.75% and total cumulative return in cash records $91,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,828/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
1,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60431, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 8,764 (84.0%) |
| Renter Occupied HU | 1,224 (11.7%) |
| Vacant Housing Units | 443 ( 4.2%) |
| Median Home Value | $307,933 |
| Average Home Value | $338,146 |
Housing Distribution
Address Breakdown
Residential
9,961
Single Family
9,528
Multi-Family
433
Businesses
403
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