2721 Great Meadow DrJolietIL60432
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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
Rental property for sale in Joliet at 2721 Great Meadow Dr, Joliet, IL, 60432 generates $4,684/mo in rent and, after a $2,425/mo payment, leaves $1,247/mo in cash flow. Total monthly income is $4,684/mo, and annual cash flow is $14,968/yr on $164,258 invested. Return on cash invested sits at 29.02% in year one, and rental yield is 11.34% on a $495,500 entry. Equity gained on principal adds $3,197/yr, while 5% annual appreciation builds toward $136,898 over five years. Five-year ROI reaches 152.7% and total cumulative return in cash sums $250,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,684/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
8,060 sqft lot
$N/A/sqft
No 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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