516 S Eastern AveJolietIL60433
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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
Total monthly income runs $1,950/mo, and a $2,839/mo payment. Purchase price stands at $579,999, and rental yield measures 4.03% with $1,950/mo rent. Return on cash invested shows 7.02% in year one, and 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 34.69% and total cumulative return in cash records $66,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,950/mo property income covering a $2,839/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
0.29 Acres 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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