1467 Midland Ct #3JolietIL60436
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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 1467 Midland Ct #3, Joliet, IL, 60436 earns $16/mo cash flow from $1,569/mo rent with a $1,096/mo payment. Total monthly income totals $1,569/mo, and annual cash flow totals $190/yr on $74,223 capital. ROI tracks 20.17% on current figures, and rental yield reads 8.41% at a $223,900 purchase. Equity gained on principal adds $1,445/yr, and 5% annual appreciation supports $61,859 over five years. Five-year ROI reaches 105.2% and total cumulative return in cash sums $78,084. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,569/mo property income instead of your personal income.
Condo
Built in 1976
N/A 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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