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128 Independence Ave, Joliet, IL 60433

3 beds • 2 baths • 624 sqft

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This property looks like a bad Airbnb investment with a projected -15.43% first-year return on $70,206 initial cash invested.

-15.43%

Cash On Cash

2.25%

Cap Rate

0.36

DSCR

$1,501

Rent

-$903

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,501 income − $2,404 expenses = $903 out of pocket

Income$1,501Out of Pocket$903Mortgage P&I$1,31087%Property Taxes$28619%Insurance$886%Management$22515%CapEx$604%Maintenance$604%Other$37525%

Investment Breakdown

|

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

$1,501

Total Expenses

$2,404

Mortgage P&I

87%

$1,310

Property Taxes

19%

$286

Home Insurance

6%

$88

HOA

0%

$0

Property Management

15%

$225

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$375

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