113 Arizona 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
Rental property for sale in Joliet at 113 Arizona Ave, Joliet, IL, 60433 priced at $119,600 converts $951/mo rent into $122/mo cash flow after a $585/mo obligation. Total monthly income equals $951/mo, and annual cash flow totals $1,462/yr on $39,647 invested. Return on cash invested prints 23.6% in year one, and rental yield reads 9.54% against a $119,600 entry. Equity gained on principal adds $772/yr, while 5% annual appreciation compiles into $33,043 by year five. Five-year ROI reaches 123.58% and total cumulative return in cash sums $48,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $951/mo property income covering a $585/mo payment, not borrower’s personal income.
Single Family
Built in 1914
4,182 sqft 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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