2308 Madonna AveJolietIL60436
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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 2308 Madonna Ave, Joliet, IL, 60436 uses $75,748 cash to close to unlock $5,886/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $2,075/mo, and a $1,118/mo payment keeps the spread at $490/mo. Purchase price stands at $228,500, and rental yield measures 10.9% with $2,075/mo rent. Return on cash invested shows 27.68% in year one, and 5% annual appreciation builds toward $63,130 over five years. Five-year ROI reaches 145.53% and total cumulative return in cash records $110,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,075/mo property income covering a $1,118/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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
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