2457 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
Rental property for sale in Joliet at 2457 Saddle Ridge Dr, Joliet, IL, 60432 generates $2,756/mo in rent and, after a $1,468/mo payment, leaves $655/mo in cash flow. Total monthly income is $2,756/mo, and annual cash flow is $7,863/yr on $99,450 invested. Return on cash invested sits at 27.82% in year one, and rental yield is 11.02% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 146.34% and total cumulative return in cash sums $145,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,756/mo property income rather than buyer’s personal income.
Multi Family
Built in 2007
3,465 sqft 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: Matthew Persicketti • Oak Leaf Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12426478
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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)