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128 Independence Ave, Joliet, IL 60433

3 beds • 2 baths • 624 sqft

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This property could be a profitable Airbnb investment with a projected 15.54% first-year return on $70,206 initial cash invested.

15.54%

Cash On Cash

11.68%

Cap Rate

1.85

DSCR

$4,988

Rent

$909

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

$4,988

Total Expenses

$4,079

Mortgage P&I

26%

$1,310

Property Taxes

6%

$286

Home Insurance

2%

$88

HOA

0%

$0

Property Management

15%

$748

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,247

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