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6715 Applegate Dr
F Composite 34.77
Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • ARV discount +8.8/15.0
  • Cash flow +7.8/30.0
  • Condition / age +4.0/5.0
  • Livability +3.9/5.0
  • Rent growth +3.6/5.0
  • 1% rule +2.5/10.0
  • Schools +2.2/10.0
  • DSCR +1.9/10.0
  • Appreciation +0.0/10.0

$442,990

6715 Applegate Dr · Joliet, IL 60586
4 bd · 2.5 ba · 2,051 sqft · SingleFamily · 10 Days on market
Built 2026 Good condition 7,500 sqft lot Garage $216/sqft · at area comps Est $457k · at est. $31/mo HOA · 1% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Discover yourself at 6715 Applegate Drive, Plainfield, IL, a beautiful new home in our Whisper Glen community. This home will be ready just in time for a late Summer move-in! This homesite includes a front porch, with beautiful brick on the front of the home and fully sodded yard. The Bellamy Plan offers 2051 square foot, 2 story, 4 bedrooms, 2.5 baths, 9-foot ceilings on first floor, and full basement. Entertaining will be easy in this open-concept kitchen and family room layout with a large island and an overhang for stools and designer shaker cabinetry.

Key facts

  • Quartz countertops
  • Fully sodded yard
  • Open-concept kitchen

Tags

FRONT PORCHFULLY SODDED YARDOPEN-CONCEPT KITCHENLARGE ISLANDWALK-IN PANTRYQUARTZ COUNTERTOPS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.5-bath single-family listed at $443k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-485 ($-6k/yr) — negative.
  • To cash-flow at today's rent, offer at most $373k (15.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $330k (25.5% below list).
  • Recommended offer: $330k (25.5% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 78/100 on livability (#153 in IL, #2,772 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living A; Watch: amenities C-, health & safety C-.
  • Plainfield SD 202 (suburban): math 25% / reading 32% proficiency, ranked #213 of 620 in IL (top 34%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; only 17% free/reduced lunch — higher-income household profile.
  • Zoned schools: Charles Reed Elementary Sch (math 16% / reading 23%, grade F, #1,054 of 2,056 statewide, top 54%, 593 students, 0% FRL); Aux Sable Middle Sch (math 18% / reading 32%, grade F, #327 of 665 statewide, top 50%, 855 students, 0% FRL); Plainfield South High School (math 21% / reading 25%, grade F, #312 of 693 statewide, top 46%, 2,411 students, 0% FRL) — zoned schools average 0% FRL vs 17% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents rising fast (+4.3%/yr); 166 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 2,028 units permitted in Will County in 2024 (530 in 5+ unit buildings).
  • This rent runs 30% of the median local income ($132k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
  • Will County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

  • Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
  • 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Recommended offer $330,092 (25.5% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.75%
Cap rate
4.98%
Cash-on-cash
-4.69%
DSCR
0.79
GRM
11.2

CMA / ARV

ARV (median comp)
$456,673
List price
$442,990
Delta
-1.46%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
6704 Buchanan Cir 0.11mi 4/2.5 2,051 (0%) 0mo $466,990 $228 95
6702 Buchanan Cir 0.11mi 4/2.5 2,051 (0%) 1mo $461,990 $225 94
1909 Cumberland Dr 0.28mi 4/1.5 1,941 (-5%) 2mo $395,000 $204 72
6706 Buchanan Cir 0.11mi 4/2.5 2,356 (+15%) 1mo $486,890 $207 70
1819 Legacy Pointe Blvd 0.13mi 4/2.5 2,356 (+15%) 2mo $461,990 $196 68
6413 Silver Ridge Dr 0.39mi 3/3.5 (-1) 1,916 (-7%) 0mo $395,000 $206 62
1915 Winger Dr 0.33mi 3/2.5 (-1) 1,832 (-11%) 1mo $425,000 $232 61
1603 Hawthorne Ridge Dr 0.72mi 3/2.5 (-1) 1,992 (-3%) 1mo $359,900 $181 56
1801 Caton Ridge Dr 0.69mi 3/2.5 (-1) 1,952 (-5%) 0mo $390,000 $200 55
7221 Applegate Ct 0.59mi 3/2.5 (-1) 1,900 (-7%) 1mo $400,000 $211 54
1730 Kenicott Ct 0.72mi 4/3.0 1,798 (-12%) 1mo $377,000 $210 43
6606 Oconnor Dr 0.75mi 3/2.5 (-1) 1,815 (-12%) 2mo $395,000 $218 39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.29% rent growth · sell at horizon

5-year hold
IRR
-22.8%
Equity multiple
0.21×
Total profit
$-98,245
Equity at exit
$66,051
10-year hold
IRR
-14.1%
Equity multiple
0.14×
Total profit
$-106,738
Equity at exit
$38,302

Cash invested: $124,037 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
43 Moderately Tenant-Leaning
State Illinois
43 Moderately Tenant-Leaning · D+7
County
— inherits STATE
City
— inherits STATE
Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
19 active · 44 under contract
Months of supply
1.7 mo (58%/mo absorbed)
Median asking
$424,000 ($206/sqft)
Median days on market
24 d
This list price
68% of active listings are priced below it
ARV vs active asking
+8.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 60586

Home prices YoY
-33.7%
Rents YoY
4.3%
Active inventory
166
Price-to-rent
11.2×

Monthly cashflow live

Estimated rent
$3,301 high interval (Pro) →
Mortgage (P&I)
$2,323
Tax est. 1.5%
$554 /mo · $6,645/yr
Insurance
$185
HOA
$31
Vacancy / Maint / Mgmt
$693
Net cashflow
$-485

Break-even live

Break-even rent $3,914
Max offer price $372,856
Occupancy floor

Sensitivity live

Price -10% $-179 -5% $-332 +0% $-485 +5% $-638 +10% $-791
Rent -10% $-745 -5% $-615 +0% $-485 +5% $-354 +10% $-224
Rate -1.0pp $-262 -0.5pp $-372 base $-485 +0.5pp $-599 +1.0pp $-716

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$110,748
Closing costs
$13,290
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 22 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1812 Cumberland Dr Plainfield, IL 4.0 2.0 2506 $3,379 $1.35 0d 1 0.17mi
6802 Daly Ln Plainfield, IL 4.0 2.5 2356 $3,400 $1.44 66d 1 0.26mi
6906 Townsend Blvd Plainfield, IL 3.0 2.0 1528 $2,700 $1.77 68d 1 0.37mi
2105 Three Forks Dr Plainfield, IL 3.0 2.0 1528 $2,631 $1.72 42d 1 0.41mi
7001 Grantham Dr Joliet, IL 3.0 2.0 1944 $7,630 $3.92 20d 1 0.46mi
2042 Legacy Pointe Blvd Plainfield, IL 4.0 2.5 2900 $3,700 $1.28 93d 1 0.61mi
7005 Manchester Dr Plainfield, IL 3.0 2.5 1906 $2,900 $1.52 0d 1 0.64mi
2309 Gustave Ln Plainfield, IL 3.0 1.5 1645 $1,455 $0.88 19d 1 0.76mi
2213 Carpenter Ave Plainfield, IL 3.0 2.5 1540 $2,700 $1.75 0d 1 0.81mi
2311 Carpenter Ave #2311 Plainfield, IL 3.0 2.5 1800 $2,700 $1.50 23d 1 0.89mi
7307 Ashbrook Ln Plainfield, IL 3.0 2.5 1916 $2,950 $1.54 7d 1 0.89mi
2513 Ruth Fitzgerald Dr Plainfield, IL 4.0 2.0 2394 $3,109 $1.30 4d 1 1.03mi
2002 Alpine Way Plainfield, IL 3.0 2.5 2359 $2,600 $1.10 70d 1 1.14mi
2005 Alpine Way Plainfield, IL 3.0 2.5 2359 $3,269 $1.39 36d 1 1.15mi
1234 Violet Ct Joliet, IL 3.0 3.0 1794 $2,995 $1.67 37d 1 1.18mi
2416 Boxwood Ln Plainfield, IL 3.0 3.5 2359 $3,000 $1.27 43d 1 1.25mi
2302 Timber Trl Plainfield, IL 3.0 3.5 2800 $3,509 $1.25 23d 1 1.34mi
7710 Nightshade Ln Unit 7710 Joliet, IL 3.0 2.5 1760 $3,000 $1.70 0d 1 1.35mi
7714 Nightshade Ln Unit 7714 Joliet, IL 3.0 2.5 1701 $3,000 $1.76 7d 1 1.36mi
7725 Nightshade Ln Unit 7725 Joliet, IL 3.0 2.5 1760 $2,850 $1.62 41d 1 1.39mi
7714 Nightshade Ln Joliet, IL 3.0 2.5 1701 $3,000 $1.76 0d 1 1.42mi
7725 Nightshade Ln Joliet, IL 3.0 2.5 1760 $2,850 $1.62 8d 1 1.42mi

Property features AI

Finance

Other
School bus service available
HOA & community
Annual association feeAssociation fee covers insurance and other itemsSubdivision amenities include park, lake, sidewalks, street lights and paved streetsSubdivision: Whisper Glen

Exterior

Parking
Attached garage (owned) with 2 garage spacesAsphalt driveway2 total parking spaces
Utilities
Public waterPublic sewer200+ amp electric service
Home design
Detached single-family home2-story model (Bellamy B4)Fee simple ownership with homeowners associationNew construction (under construction)
Construction
Vinyl siding and brick exteriorAsphalt roofConcrete perimeter foundationBuilt as new construction
Exterior features
Landscaped lotLot dimensions approximately 60 x 125

Interior

Kitchen
Kitchen with island and pantryRangeMicrowaveDishwasherGarbage disposalStainless steel appliances
Bedrooms
4 bedrooms totalMaster bedroom on second level with full bath and double sinkBedroom 2 on second levelBedroom 3 on second levelBedroom 4 on second level
Flooring
Carpet in bedrooms and denLuxury vinyl in kitchen, dining room and laundry
Bathrooms
2 full bathrooms1 half bathroom
Heating & cooling
Natural gas heatingCentral air conditioning
Interior features
8 total roomsAttic: fullBasement: full, unfinishedSeparate dining roomGreat roomDenFamily roomLiving room
Laundry & utility
Second-level laundryGas dryer hookupSump pumpRadon mitigation system

Listing history 50 events

  1. 2026-08-08
    days on market $442,990 Active 10 DOM
  2. 2026-08-06
    days on market $442,990 Active 8 DOM
  3. 2026-08-05
    days on market $442,990 Active 7 DOM
  4. 2026-08-04
    days on market $442,990 Active 6 DOM
  5. 2026-08-03
    days on market $442,990 Active 5 DOM
  6. 2026-07-31
    days on market $442,990 Active 2 DOM
  7. 2026-07-30
    pricestatusdays on marketlisting id $442,990 Active 1 DOM
  8. 2026-07-21
    status $447,990 Pending 40 DOM
  9. 2026-07-20
    days on market $447,990 Active 40 DOM
  10. 2026-07-18
    days on market $447,990 Active 38 DOM
  11. 2026-07-18
    days on market $447,990 Active 37 DOM
  12. 2026-07-16
    days on market $447,990 Active 36 DOM
  13. 2026-07-15
    days on market $447,990 Active 35 DOM
  14. 2026-07-14
    days on market $447,990 Active 34 DOM
  15. 2026-07-13
    days on market $447,990 Active 33 DOM
  16. 2026-07-13
    days on market $447,990 Active 32 DOM
  17. 2026-07-11
    days on market $447,990 Active 31 DOM
  18. 2026-07-10
    days on market $447,990 Active 30 DOM
  19. 2026-07-09
    days on market $447,990 Active 29 DOM
  20. 2026-07-07
    days on market $447,990 Active 27 DOM
  21. 2026-07-06
    days on market $447,990 Active 26 DOM
  22. 2026-07-06
    days on market $447,990 Active 25 DOM
  23. 2026-07-05
    days on market $447,990 Active 24 DOM
  24. 2026-07-03
    days on market $447,990 Active 23 DOM
  25. 2026-07-02
    days on market $447,990 Active 22 DOM
  26. 2026-07-01
    days on market $447,990 Active 21 DOM
  27. 2026-06-30
    days on market $447,990 Active 20 DOM
  28. 2026-06-29
    days on market $447,990 Active 19 DOM
  29. 2026-06-28
    days on market $447,990 Active 18 DOM
  30. 2026-06-27
    days on market $447,990 Active 17 DOM
  31. 2026-06-26
    days on market $447,990 Active 16 DOM
  32. 2026-06-24
    days on market $447,990 Active 14 DOM
  33. 2026-06-22
    days on market $447,990 Active 12 DOM
  34. 2026-06-21
    days on market $447,990 Active 11 DOM
  35. 2026-06-18
    days on market $447,990 Active 8 DOM
  36. 2026-06-17
    price $447,990 Active 7 DOM
  37. 2026-06-17
    days on market $449,990 Active 7 DOM
  38. 2026-06-16
    days on market $449,990 Active 6 DOM
  39. 2026-06-15
    days on market $449,990 Active 5 DOM
  40. 2026-06-13
    days on market $449,990 Active 3 DOM
  41. 2026-06-13
    days on marketlisting id $449,990 Active 2 DOM
  42. 2026-06-09
    days on market $449,990 Active 63 DOM
  43. 2026-06-08
    days on market $449,990 Active 62 DOM
  44. 2026-06-07
    days on market $449,990 Active 61 DOM
  45. 2026-06-04
    days on market $449,990 Active 58 DOM
  46. 2026-06-03
    days on market $449,990 Active 57 DOM
  47. 2026-06-02
    days on market $449,990 Active 56 DOM
  48. 2026-06-01
    days on market $449,990 Active 55 DOM
  49. 2026-05-31
    days on market $449,990 Active 54 DOM
  50. 2026-04-07
    listed $449,990 Active 1321-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$39,611
− Mortgage interest
−$24,814
− Property taxes
−$6,645
− Insurance
−$2,215
− Repairs & maintenance
−$3,169
− Management
−$3,169
− HOA
−$372
− Depreciation
−$12,887
Taxable loss
−$13,660
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$3,278
After-tax cash flow
$-2,538/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This home is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from some exterior painting and landscaping improvements to further enhance its curb appeal.

Value-add opportunities

  • Resale Painting exterior siding — Fresh paint can enhance curb appeal
  • Resale Landscaping improvements — Enhances curb appeal and adds value
  • Both Flooring replacement in bedrooms — Hardwood floors in living areas are good, but carpet in bedrooms may need replacement for a more modern look
F Composite school gradezoned avg 22/100

Zoned Schools

Elementary Charles Reed Elementary Sch F IL #1,054/2,056 Nat'l #33,738/41,679 Middle Aux Sable Middle Sch F IL #327/665 Nat'l #10,338/14,009 High Plainfield South High School F IL #312/693 Nat'l #13,542/17,239

Schools (NCES district)

District
Plainfield SD 202
NCES district ID
1731740
Math proficiency
25% ▼ -16.00%
Reading proficiency
32% ▼ -14.00%
Median HH income
$90,706
Composite
28.83/100
National rank
#6653
State rank
#213 of 620 in IL
B Composite livability gradescore 78/100

Livability — Joliet

Score
78/100
State rank
#153
US rank
#2772

Category grades

Amenities C- Commute A+ Cost of living A Crime C Employment B+ Housing A+ Health & safety C- User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Joliet, IL
County
Will County · 705,368 people
City population
68,632
Metro
Chicago-Naperville-Elgin, IL-IN-WI
Population (ZIP)
47,834
Household income
$131,637
Rent vs Own
8.5% rent · 91.5% own
Severe rent burden
9% of renters

Population outlook (Will County) Hauer SSP2

Today (2025)
705,368 people
By 2030
708,154 · +0.4%
By 2040
702,692 · -0.4%
By 2050
680,249 · -3.6%
By 2075
611,990 · -13.2%
By 2100
516,215 · -26.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
White 61% Hispanic / Latino 22% Two or more races 12% Black 11% Asian 4%
Hispanic origin (detail)
Mexican 17% Puerto Rican 2%
Common ancestry
Romanian 11% Italian 2% Iranian 1%
Foreign-born
11% · Canada, China
Languages at home
81% English-only · Spanish 12% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Will

2024 margin
Toss-up / Even · D 50.1% · R 48.5% · Other 1.4%
2008→2024 swing
-11.6pp toward R · 2008: 13.2pp · 2024: 1.6pp
All cycles
2024: D+1.6 2020: D+8.3 2016: D+5.7 2012: D+3.7 2008: D+13.2

Not yet ingested

Civics

Price history

-0.4% since first listed
10 events — show timeline
  • 2026-07-20 Pending MRED as Distributed by MLS Grid
  • 2026-06-17 Price Changed $447,990 MRED as Distributed by MLS Grid
  • 2026-06-10 Listing Removed MRED as Distributed by MLS Grid
  • 2026-06-10 Listed $449,990 MRED as Distributed by MLS Grid
  • 2026-04-07 Listing Removed MRED as Distributed by MLS Grid
  • 2026-04-07 Listed MRED as Distributed by MLS Grid
  • 2026-03-27 Price Changed MRED as Distributed by MLS Grid
  • 2026-03-05 Price Changed MRED as Distributed by MLS Grid
  • 2026-02-27 Price Changed MRED as Distributed by MLS Grid
  • 2026-02-16 Listed MRED as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…