REI Lense

REI Lense

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$2,238 (target)

1303 Cora St, Joliet, IL 60435

3 beds • 2 baths • 1329 sqft

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This property looks like a bad Long-Term investment with a projected -3.67% first-year return on $54,264 initial cash invested.

-3.67%

Cash On Cash

5.98%

Cap Rate

0.96

DSCR

$2,238

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $2,404 expenses = $166 out of pocket

Income$2,238Out of Pocket$166Mortgage P&I$1,34160%Property Taxes$39017%Insurance$914%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,264

Downpayment

20%

$51,680

Closing costs

1%

$2,584

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,238

Total Expenses

$2,404

Mortgage P&I

60%

$1,341

Property Taxes

17%

$390

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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