4707 Baccarrat CtJolietIL60431
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 4707 Baccarrat Ct, Joliet, IL, 60431 priced at $274,900 converts $2,809/mo rent into $748/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,809/mo, and annual cash flow totals $8,973/yr on $91,129 invested. Return on cash invested prints 29.76% in year one, and rental yield reads 12.26% against a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,950 by year five. Five-year ROI reaches 157.35% and total cumulative return in cash sums $143,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,809/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60431, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 8,764 (84.0%) |
| Renter Occupied HU | 1,224 (11.7%) |
| Vacant Housing Units | 443 ( 4.2%) |
| Median Home Value | $307,933 |
| Average Home Value | $338,146 |
Housing Distribution
Address Breakdown
Residential
9,961
Single Family
9,528
Multi-Family
433
Businesses
403
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Listed by: Susan Scheuber • RE/MAX Ultimate Professionals
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12179901
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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 IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)