514 E Jackson StJolietIL60432
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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 514 E Jackson St, Joliet, IL, 60432 listed at $271,500 pairs $1,940/mo rent with a $1,329/mo payment to leave $57/mo cash flow. Total monthly income runs $1,940/mo, and annual cash flow reaches $680/yr on $90,002 cash to close. Return on cash invested measures 20.66% in year one, and rental yield registers 8.57% at a $271,500 basis. Equity gained on principal adds $1,752/yr, and annual property appreciation at 5% supports $75,010 by year five. Five-year ROI tracks 107.88% and total cumulative return in cash totals $97,096. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,940/mo property income relative to a $1,329/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1893
3,838 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
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