REI Lense

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$3,478 (target)

112 Fairlane Dr, Joliet, IL 60435

3 beds • 2 baths • 1736 sqft

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This property might be a fair Mid-Term investment with a projected 9.33% first-year return on $77,829 initial cash invested.

9.33%

Cash On Cash

9.17%

Cap Rate

1.52

DSCR

$3,478

Rent

$605

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,478 income − $2,873 expenses = $605 cash flow

Income$3,478Mortgage P&I$1,43241%Property Taxes$1595%Insurance$1003%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38311%Cash Flow$605

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,478

Total Expenses

$2,873

Mortgage P&I

41%

$1,432

Property Taxes

5%

$159

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$383

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