409 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
Investment property for sale in Joliet at 409 Parks Ave, Joliet, IL, 60432 uses $59,637 cash to close to unlock $1,496/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $1,373/mo, and a $881/mo payment keeps the spread at $125/mo. Purchase price stands at $179,900, and rental yield measures 9.16% with $1,373/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 117.31% and total cumulative return in cash records $69,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,373/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1890
4,000 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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