2123 Tremont LnJolietIL60431
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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 2123 Tremont Ln, Joliet, IL, 60431 listed at $284,900 pairs $3,122/mo rent with a $1,394/mo payment to leave $1,146/mo cash flow. Total monthly income runs $3,122/mo, and annual cash flow reaches $13,756/yr on $94,444 cash to close. Return on cash invested measures 34.47% in year one, and rental yield registers 13.15% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 181.95% and total cumulative return in cash totals $171,839. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,122/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2007
4,950 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60431, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 8,764 (84.0%) |
| Renter Occupied HU | 1,224 (11.7%) |
| Vacant Housing Units | 443 ( 4.2%) |
| Median Home Value | $307,933 |
| Average Home Value | $338,146 |
Housing Distribution
Address Breakdown
Residential
9,961
Single Family
9,528
Multi-Family
433
Businesses
403
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