1421 Loretta 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 1421 Loretta Ave, Joliet, IL, 60436 listed at $279,900 pairs $2,160/mo rent with a $1,370/mo payment to leave $219/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $2,622/yr on $92,787 cash to close. Return on cash invested measures 22.74% in year one, and rental yield registers 9.26% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 119.01% and total cumulative return in cash totals $110,425. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
7,772 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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