1616 Glenwood AveJolietIL60435
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
Rental property for sale in Joliet at 1616 Glenwood Ave, Joliet, IL, 60435 priced at $346,000 converts $3,181/mo rent into $782/mo cash flow after a $1,694/mo obligation. Total monthly income equals $3,181/mo, and annual cash flow totals $9,379/yr on $114,699 invested. Return on cash invested prints 28.09% in year one, and rental yield reads 11.03% against a $346,000 entry. Equity gained on principal adds $2,233/yr, while 5% annual appreciation compiles into $95,593 by year five. Five-year ROI reaches 147.68% and total cumulative return in cash sums $169,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,181/mo property income covering a $1,694/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,030 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60435, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,279 (100%) |
| Owner Occupied HU | 12,057 (62.5%) |
| Renter Occupied HU | 6,445 (33.4%) |
| Vacant Housing Units | 777 ( 4.0%) |
| Median Home Value | $240,246 |
| Average Home Value | $280,440 |
Housing Distribution
Address Breakdown
Residential
18,519
Single Family
16,011
Multi-Family
2,508
Businesses
1,368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices