526 Algonquin StJolietIL60432
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 526 Algonquin St, Joliet, IL, 60432 priced at $191,900 converts $2,270/mo rent into $939/mo cash flow after a $939/mo obligation. Total monthly income equals $2,270/mo, and annual cash flow totals $11,270/yr on $63,615 invested. Return on cash invested prints 37.63% in year one, and rental yield reads 14.19% against a $191,900 entry. Equity gained on principal adds $1,238/yr, while 5% annual appreciation compiles into $53,018 by year five. Five-year ROI reaches 198.89% and total cumulative return in cash sums $126,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,270/mo property income covering a $939/mo payment, not borrower’s personal income.
Single Family
Built in 1943
4,356 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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