REI Lense

REI Lense

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$2,319 (target)

112 Fairlane Dr, Joliet, IL 60435

3 beds • 2 baths • 1736 sqft

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This property might be a fair Long-Term investment with a projected 0.5% first-year return on $59,829 initial cash invested.

0.5%

Cash On Cash

6.63%

Cap Rate

1.1

DSCR

$2,319

Rent

$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $2,294 expenses = $25 cash flow

Income$2,319Mortgage P&I$1,43262%Property Taxes$1597%Insurance$1004%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%Cash Flow$25

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,319

Total Expenses

$2,294

Mortgage P&I

62%

$1,432

Property Taxes

7%

$159

Home Insurance

4%

$100

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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