1571 Joliet WayDixonIL61021
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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 Dixon at 1571 Joliet Way, Dixon, IL, 61021 priced at $209,900 converts $2,274/mo rent into $818/mo cash flow after a $1,027/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $9,821/yr on $69,582 invested. Return on cash invested prints 34.02% in year one, and rental yield reads 13% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 179.54% and total cumulative return in cash sums $124,928. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.25 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Judy Powell • Judy Powell Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12187760
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)