516 Adirondack CtJolietIL60436
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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
Rental property for sale in Joliet at 516 Adirondack Ct, Joliet, IL, 60436 priced at $398,990 converts $2,160/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,160/mo. Return on cash invested prints 14.4% in year one, and rental yield reads 6.5% against a $398,990 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,234 by year five. Five-year ROI reaches 74.29% and total cumulative return in cash sums $98,255. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 2026
9,100 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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