222 Madison St UNIT 404JolietIL60435
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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 222 Madison St UNIT 404, Joliet, IL, 60435 earns $79/mo cash flow from $772/mo rent with a $489/mo payment. Total monthly income totals $772/mo, and annual cash flow totals $946/yr on $33,150 capital. ROI tracks 22.76% on current figures, and rental yield reads 9.26% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 119.14% and total cumulative return in cash sums $39,496. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $772/mo property income instead of your personal income.
Condo
Built in 1978
N/A 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
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