507 Cahokia StJolietIL60431
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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 507 Cahokia St, Joliet, IL, 60431 with 5% annual appreciation on a $425,000 basis while $3,474/mo rent supports operations. Total monthly income totals $3,474/mo and a $2,080/mo payment preserves $526/mo for cash returns. Annual cash flow comes to $6,315/yr on $140,888 deployed, and return on cash invested reaches 24.39% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 9.81%. Five-year ROI measures 127.88% and total cumulative return in cash totals $180,161.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,474/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
10,624 sqft lot
$N/A/sqft
No 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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