408 N Hebbard StJolietIL60432
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 408 N Hebbard St, Joliet, IL, 60432 priced at $130,000 converts $2,566/mo rent into $1,564/mo cash flow after a $636/mo obligation. Total monthly income equals $2,566/mo, and annual cash flow totals $18,767/yr on $43,095 invested. Return on cash invested prints 63.46% in year one, and rental yield reads 23.69% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 338.38% and total cumulative return in cash sums $145,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,566/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1902
6,596 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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Nearby investment properties with comparable prices
Listed by: Rosa Flores • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12506480
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. [Click here for more information](/mls-disclaimers/#17)