REI Lense

REI Lense

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$2,236 (target)

1201 Fairchild Ave, Joliet, IL 60432

3 beds • 2 baths • 1666 sqft

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This property might be a fair Long-Term investment with a projected 2.05% first-year return on $50,295 initial cash invested.

2.05%

Cash On Cash

7.54%

Cap Rate

1.15

DSCR

$2,236

Rent

$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,236 income − $2,150 expenses = $86 cash flow

Income$2,236Mortgage P&I$1,30758%Property Taxes$1778%Insurance$844%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%Cash Flow$86

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,295

Downpayment

20%

$47,900

Closing costs

1%

$2,395

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,236

Total Expenses

$2,150

Mortgage P&I

58%

$1,307

Property Taxes

8%

$177

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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