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$213,000

Under Contract
2313 Joppa Ave, Zion, IL 60099
3 Beds
1 Bath
988 Square Feet
0.00 Acres Lot
Built in 1961
Under Contract
Units n/a
Checked: 1 day ago
Updated: Jul 19, 2025 at 06:00AM

Investment Summary


Monthly Cash Flow
-$143
Cap Rate
4.9%
Cash-on-Cash Return
-3.5%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.6%

Property Description


0.00 Acres Lot
Built in 1961
Under Contract
Units n/a

Step into this updated 3-bedroom, 1-bath ranch offering a functional layout and a clean, refreshed interior. The bright living room flows into a spacious eat-in kitchen, featuring ample cabinet space, generous counter area, and newly installed stainless steel appliances. The home has been updated throughout with fresh paint, new flooring, and a modernized full bath. All three bedrooms offer comfortable space and natural light. Out back, you'll find a partially fenced yard with mature trees, a storage shed, and room to personalize the outdoor space. Off-street parking adds convenience, and the lot layout offers flexibility for future use. Whether you're seeking a new place to call home or exploring an investment opportunity, this one is worth a closer look.

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Location


Property Details


Parking

  • Description: Off Street, Space/s, Parking On-Site
  • Details: Gravel, Off Street, On Site
  • Garage Spaces: 0
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0420216007
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1961

Tax Information

  • Annual Tax: $4,528

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: None

Location

  • County: Lake

Listing Details


Listed by:
Michael Scanlon
eXp Realty
(773) 630-9205

Source:
Midwest Real Estate Data (MRED)
MLS#: 12390680
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$143
Cap Rate
4.9%
Cash-on-Cash Return
-3.5%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.6%

Purchase Details

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Purchase price:
$213,000
Amount financed:
-$170,400
Down payment:
$42,600
Closing costs:
$6,390
Rehab costs:
$0
Initial cash invested:
$48,990
Square feet:
988
Cost per square foot:
$216
Monthly rent per square foot:
$1.82

Financing Details

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Loan amount:
$170,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,008
Property tax:
$377
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,511

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$377-$4,528
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$827-$9,928

Cash Flow


Monthly Yearly
Net operating income:
$865 $10,380
Mortgage payments:
-$1,008 -$12,096
Cash flow:
$143 $1,716