1118 Heron CirJolietIL60431
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1118 Heron Cir, Joliet, IL, 60431 uses $85,859 cash to close to unlock $5,037/yr annual cash flow and $420/mo monthly cash flow. Total monthly income runs $2,606/mo, and a $1,268/mo payment keeps the spread at $420/mo. Purchase price stands at $259,000, and rental yield measures 12.07% with $2,606/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 137.25% and total cumulative return in cash records $117,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,606/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
1,752 sqft lot
$N/A/sqft
$350 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Irizarry • GENERATION HOME PRO
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12201253
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)