1117 Anderson AveJolietIL60433
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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 1117 Anderson Ave, Joliet, IL, 60433 uses $82,842 cash to close to unlock $4,845/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $1,223/mo payment keeps the spread at $404/mo. Purchase price stands at $249,900, and rental yield measures 10.26% with $2,137/mo rent. Return on cash invested shows 25.76% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 135.18% and total cumulative return in cash records $111,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60433, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 3,616 (58.4%) |
| Renter Occupied HU | 2,180 (35.2%) |
| Vacant Housing Units | 393 ( 6.3%) |
| Median Home Value | $208,750 |
| Average Home Value | $266,442 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,272
Multi-Family
419
Businesses
348
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