418 Ray May DrJolietIL60433
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 418 Ray May Dr, Joliet, IL, 60433 at $229,000 posts ROI 30.65% with $679/mo cash flow from $2,268/mo rent. Total monthly income equals $2,268/mo, and annual cash flow records $8,153/yr on $75,914 to close. Return on cash invested measures 30.65% and rental yield reads 11.88% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 161.46% and total cumulative return in cash totals $122,573.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,268/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60433, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 3,616 (58.4%) |
| Renter Occupied HU | 2,180 (35.2%) |
| Vacant Housing Units | 393 ( 6.3%) |
| Median Home Value | $208,750 |
| Average Home Value | $266,442 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,272
Multi-Family
419
Businesses
348
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