6700 Oconnor 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 6700 Oconnor Dr, Joliet, IL, 60431 priced at $435,200 converts $3,719/mo rent into $545/mo cash flow after a $2,130/mo obligation. Total monthly income equals $3,719/mo, and annual cash flow totals $6,534/yr on $144,269 invested. Return on cash invested prints 24.44% in year one, and rental yield reads 10.25% against a $435,200 entry. Equity gained on principal adds $2,808/yr, while 5% annual appreciation compiles into $120,238 by year five. Five-year ROI reaches 128.59% and total cumulative return in cash sums $185,511. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,719/mo property income covering a $2,130/mo payment, not borrower’s personal income.
Single Family
Built in 2022
N/A 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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