358 Mississippi AveJolietIL60433
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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 358 Mississippi Ave, Joliet, IL, 60433 with 5% annual appreciation on a $178,000 basis while $1,680/mo rent supports operations. Total monthly income totals $1,680/mo and a $871/mo payment preserves $446/mo for cash returns. Annual cash flow comes to $5,347/yr on $59,007 deployed, and return on cash invested reaches 28.97% in year one. Equity gained on principal adds $1,149/yr, and five-year appreciation sums $49,178 alongside rental yield of 11.33%. Five-year ROI measures 152.46% and total cumulative return in cash totals $89,965.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,680/mo property income versus a $871/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60433, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 3,616 (58.4%) |
| Renter Occupied HU | 2,180 (35.2%) |
| Vacant Housing Units | 393 ( 6.3%) |
| Median Home Value | $208,750 |
| Average Home Value | $266,442 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,272
Multi-Family
419
Businesses
348
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