3609 Timber Lake DrJolietIL60435
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3609 Timber Lake Dr, Joliet, IL, 60435 in Joliet: $3,440/mo in rent, $378/mo in net income, 9.38% gross yield, 1.74 DSCR, all at $439,950. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $121,550 in appreciation and $4,052/yr in principal paydown projects total cumulative return of $193,260.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $378 | $1,250 |
City averages based on Joliet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,440 |
| Total Monthly Debt Service | $2,877 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
7,605 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60435, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,279 (100%) |
| Owner Occupied HU | 12,057 (62.5%) |
| Renter Occupied HU | 6,445 (33.4%) |
| Vacant Housing Units | 777 ( 4.0%) |
| Median Home Value | $240,246 |
| Average Home Value | $280,440 |
Housing Distribution
Address Breakdown
Residential
18,519
Single Family
16,011
Multi-Family
2,508
Businesses
1,368
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
Single Family
Built in 2004
7,605 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60435, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,279 (100%) |
| Owner Occupied HU | 12,057 (62.5%) |
| Renter Occupied HU | 6,445 (33.4%) |
| Vacant Housing Units | 777 ( 4.0%) |
| Median Home Value | $240,246 |
| Average Home Value | $280,440 |
Housing Distribution
Address Breakdown
Residential
18,519
Single Family
16,011
Multi-Family
2,508
Businesses
1,368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices