7436 Joy LnRoscoeIL61073
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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 Roscoe at 7436 Joy Ln, Roscoe, IL, 61073 priced at $440,000 converts $2,645/mo rent into after a $2,154/mo obligation. Total monthly income equals $2,645/mo. Return on cash invested prints 16.56% in year one, and rental yield reads 7.21% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 85.86% and total cumulative return in cash sums $125,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,645/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61073, Roscoe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,120 (100%) |
| Owner Occupied HU | 6,539 (80.5%) |
| Renter Occupied HU | 1,250 (15.4%) |
| Vacant Housing Units | 331 ( 4.1%) |
| Median Home Value | $241,380 |
| Average Home Value | $277,513 |
Housing Distribution
Address Breakdown
Residential
7,741
Single Family
7,646
Multi-Family
95
Businesses
477
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Listed by: Omar Acosta Flores • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501593
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.