2447 Saddle Ridge DrJolietIL60432
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 2447 Saddle Ridge Dr, Joliet, IL, 60432 earns $745/mo cash flow from $2,840/mo rent with a $1,468/mo payment. Total monthly income totals $2,840/mo, and annual cash flow totals $8,934/yr on $99,450 capital. ROI tracks 28.89% on current figures, and rental yield reads 11.36% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 152.07% and total cumulative return in cash sums $151,236. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,840/mo property income instead of your personal income.
Multi Family
Built in 2006
N/A lot
$N/A/sqft
$180 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60432, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,747 (100%) |
| Owner Occupied HU | 3,548 (52.6%) |
| Renter Occupied HU | 2,760 (40.9%) |
| Vacant Housing Units | 439 ( 6.5%) |
| Median Home Value | $223,712 |
| Average Home Value | $264,620 |
Housing Distribution
Address Breakdown
Residential
6,206
Single Family
5,805
Multi-Family
401
Businesses
648
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Listed by: Jaime Cronin • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12397622
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)