411 Wallace StJolietIL60436
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
Investment property for sale in Joliet at 411 Wallace St, Joliet, IL, 60436 earns $1,711/mo cash flow from $2,694/mo rent with a $622/mo payment. Total monthly income totals $2,694/mo, and annual cash flow totals $20,532/yr on $42,101 capital. ROI tracks 68.68% on current figures, and rental yield reads 25.46% at a $127,000 purchase. Equity gained on principal adds $820/yr, and 5% annual appreciation supports $35,088 over five years. Five-year ROI reaches 366.37% and total cumulative return in cash sums $154,245. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,694/mo property income instead of your personal income.
Single Family
Built in 1908
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60436, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,976 (100%) |
| Owner Occupied HU | 4,157 (59.6%) |
| Renter Occupied HU | 2,404 (34.5%) |
| Vacant Housing Units | 415 ( 5.9%) |
| Median Home Value | $208,947 |
| Average Home Value | $288,261 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
5,854
Multi-Family
671
Businesses
539
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Nearby investment properties with comparable prices
Listed by: Derek Hackney • Steel City Real Estate and Property Management Services, Inc
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12434478
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. Some listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)