1357 Morgan StJolietIL60436
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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 1357 Morgan St, Joliet, IL, 60436 offers a 11.4% rental yield on a $215,000 purchase with $2,042/mo rent. Total monthly income registers $2,042/mo, and a $1,052/mo payment leaves $551/mo available for distribution. Annual cash flow reaches $6,612/yr on $71,273 to close, and return on cash invested stands at 29.19% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 153.62% and total cumulative return in cash at $109,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,042/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
6,098 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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