8 Peale StJolietIL60433
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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 8 Peale St, Joliet, IL, 60433 priced at $215,000 pairs $1,620/mo rent with $129/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,620/mo, and annual cash flow comes to $1,548/yr on $71,273 invested. Return on cash invested is 22.08% in year one, and rental yield stands at 9.04% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 115.54% and total cumulative return in cash reaches $82,345. For financing, Ziffy Mortgage’s DSCR program evaluates $1,620/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
5,022 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60433, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 3,616 (58.4%) |
| Renter Occupied HU | 2,180 (35.2%) |
| Vacant Housing Units | 393 ( 6.3%) |
| Median Home Value | $208,750 |
| Average Home Value | $266,442 |
Housing Distribution
Address Breakdown
Residential
5,691
Single Family
5,272
Multi-Family
419
Businesses
348
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