411 Leach AveJolietIL60432
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 411 Leach Ave, Joliet, IL, 60432 in Joliet at $169,900 earns $1,348/mo in rent and nets $170/mo after the $764/mo payment, a 9.52% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $46,940 over five years. Ziffy Mortgage underwrites this on a 1.76 DSCR without U.S. credit history. With $1,565/yr in principal paydown, total projected return reaches $75,939.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.8% |
| Monthly Cash Flow | $170 | $1,250 |
City averages based on Joliet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,348 |
| Total Monthly Debt Service | $1,111 |
| DSCR Ratio | 1.21x |
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 N/A
5,850 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
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 N/A
5,850 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices