314 Parks AveJolietIL60432
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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 314 Parks Ave, Joliet, IL, 60432 offers $2,698/mo rent that, after a $569/mo payment, leaves $1,792/mo cash flow. Total monthly income is $2,698/mo, and annual cash flow is $21,509/yr on $38,538 cash. Return on cash invested measures 75.72% in year one, and rental yield stands at 27.85% at a $116,253 entry. Equity gained on principal adds $750/yr while 5% annual appreciation compounds into $32,119 by year five. Five-year ROI records 404.28% and total cumulative return in cash reaches $155,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,698/mo property income versus a $569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1883
7,176 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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