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128 Independence Ave, Joliet, IL 60433

3 beds • 2 baths • 624 sqft

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This property might be a fair Airbnb investment with a projected 2.15% first-year return on $70,206 initial cash invested.

2.15%

Cash On Cash

7.6%

Cap Rate

1.2

DSCR

$3,480

Rent

$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,206

Downpayment

20%

$49,720

Closing costs

1%

$2,486

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,480

Total Expenses

$3,354

Mortgage P&I

38%

$1,310

Property Taxes

8%

$286

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$870

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