16 Ivy StJolietIL60436
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 16 Ivy St, Joliet, IL, 60436 with 5% annual appreciation on a $200,000 basis while $1,413/mo rent supports operations. Total monthly income totals $1,413/mo and a $979/mo payment preserves $26/mo for cash returns. Annual cash flow comes to $308/yr on $66,300 deployed, and return on cash invested reaches 20.37% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 8.48%. Five-year ROI measures 106.33% and total cumulative return in cash totals $70,496.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,413/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1908
3,267 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices