607 E Joliet StOttawaIL61350
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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
Investment property for sale in Ottawa at 607 E Joliet St, Ottawa, IL, 61350 at $159,500 posts ROI 23.59% with $162/mo cash flow from $1,269/mo rent. Total monthly income equals $1,269/mo, and annual cash flow records $1,948/yr on $52,874 to close. Return on cash invested measures 23.59% and rental yield reads 9.55% at the current $159,500. Equity gained on principal adds $1,029/yr, and 5% annual appreciation supports $44,067 by year five. Five-year ROI prints 123.62% and total cumulative return in cash totals $65,365.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,269/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
4,116 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61350, Ottawa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,425 (100%) |
| Owner Occupied HU | 7,230 (63.3%) |
| Renter Occupied HU | 3,166 (27.7%) |
| Vacant Housing Units | 1,029 ( 9.0%) |
| Median Home Value | $173,815 |
| Average Home Value | $219,878 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
10,179
Multi-Family
695
Businesses
1,058
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