809 N Joliet StWilmingtonIL60481
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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
Investment property for sale in Wilmington at 809 N Joliet St, Wilmington, IL, 60481 listed at $299,900 pairs $2,560/mo rent with a $1,468/mo payment to leave $480/mo cash flow. Total monthly income runs $2,560/mo, and annual cash flow reaches $5,756/yr on $99,417 cash to close. Return on cash invested measures 25.7% in year one, and rental yield registers 10.24% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 134.88% and total cumulative return in cash totals $134,092. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,560/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60481, Wilmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,847 (100%) |
| Owner Occupied HU | 3,940 (67.4%) |
| Renter Occupied HU | 1,080 (18.5%) |
| Vacant Housing Units | 827 (14.1%) |
| Median Home Value | $330,893 |
| Average Home Value | $359,001 |
Housing Distribution
Address Breakdown
Residential
5,124
Single Family
4,953
Multi-Family
171
Businesses
329
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Listed by: Robert Findlay • Findlay Real Estate Group Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12533407