704 Francis StJolietIL60432
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 704 Francis St, Joliet, IL, 60432 in Joliet, $175,000, 9.56% gross yield, $180/mo net income. Consider it a market-entry position, the $1,394/mo rent covers the $787/mo payment with a margin, and 5%/yr appreciation is projected to add $48,349 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.77) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $78,537.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $180 | $1,250 |
City averages based on Joliet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,394 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
6,600 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
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
Single Family
Built in 1900
6,600 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