REI Lense

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$1,952 (target)

1022 Frederick St, Joliet, IL 60435

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $55,230 initial cash invested.

-8.32%

Cash On Cash

4.85%

Cap Rate

0.79

DSCR

$1,952

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,952 income − $2,335 expenses = $383 out of pocket

Income$1,952Out of Pocket$383Mortgage P&I$1,34969%Property Taxes$38520%Insurance$935%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,230

Downpayment

20%

$52,600

Closing costs

1%

$2,630

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,952

Total Expenses

$2,335

Mortgage P&I

69%

$1,349

Property Taxes

20%

$385

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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