534 Mohawk 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 534 Mohawk St, Joliet, IL, 60432 priced at $257,750 converts $2,850/mo rent into $1,062/mo cash flow after a $1,262/mo obligation. Total monthly income equals $2,850/mo, and annual cash flow totals $12,741/yr on $85,444 invested. Return on cash invested prints 34.82% in year one, and rental yield reads 13.27% against a $257,750 entry. Equity gained on principal adds $1,663/yr, while 5% annual appreciation compiles into $71,212 by year five. Five-year ROI reaches 183.79% and total cumulative return in cash sums $157,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,850/mo property income covering a $1,262/mo payment, not borrower’s personal income.
Single Family
Built in 1930
10,400 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Galarza • Spring Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12399935
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)