1108 Addleman StJolietIL60431
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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 1108 Addleman St, Joliet, IL, 60431 offers a 8.81% rental yield on a $379,900 purchase with $2,790/mo rent. Total monthly income registers $2,790/mo, and a $1,859/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,864/yr on $125,937 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 111.78% and total cumulative return in cash at $140,777. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,790/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
8,060 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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