120 Wheeler AveJolietIL60436
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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 120 Wheeler Ave, Joliet, IL, 60436 uses $83,372 cash to close to unlock $13,126/yr annual cash flow and $1,094/mo monthly cash flow. Total monthly income runs $3,107/mo, and a $1,231/mo payment keeps the spread at $1,094/mo. Purchase price stands at $251,500, and rental yield measures 14.82% with $3,107/mo rent. Return on cash invested shows 35.65% in year one, and 5% annual appreciation builds toward $69,485 over five years. Five-year ROI reaches 189.65% and total cumulative return in cash records $158,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,107/mo property income covering a $1,231/mo payment rather than investor’s personal income.
Single Family
Built in 1949
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60436, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,976 (100%) |
| Owner Occupied HU | 4,157 (59.6%) |
| Renter Occupied HU | 2,404 (34.5%) |
| Vacant Housing Units | 415 ( 5.9%) |
| Median Home Value | $208,947 |
| Average Home Value | $288,261 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
5,854
Multi-Family
671
Businesses
539
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