574 Spring Leaf DrJolietIL60431
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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 574 Spring Leaf Dr, Joliet, IL, 60431 priced at $294,500 converts $2,676/mo rent into $634/mo cash flow after a $1,441/mo obligation. Total monthly income equals $2,676/mo, and annual cash flow totals $7,605/yr on $97,627 invested. Return on cash invested prints 27.7% in year one, and rental yield reads 10.9% against a $294,500 entry. Equity gained on principal adds $1,900/yr, while 5% annual appreciation compiles into $81,365 by year five. Five-year ROI reaches 145.61% and total cumulative return in cash sums $142,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,676/mo property income covering a $1,441/mo payment, not borrower’s personal income.
Townhouse
Built in 2019
1,180 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60431, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 8,764 (84.0%) |
| Renter Occupied HU | 1,224 (11.7%) |
| Vacant Housing Units | 443 ( 4.2%) |
| Median Home Value | $307,933 |
| Average Home Value | $338,146 |
Housing Distribution
Address Breakdown
Residential
9,961
Single Family
9,528
Multi-Family
433
Businesses
403
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