REI Lense

REI Lense

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$2,244 (target)

1408 E Washington St, Joliet, IL 60433

3 beds • 2 baths • 2140 sqft

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This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $45,675 initial cash invested.

-4.44%

Cash On Cash

6.22%

Cap Rate

0.95

DSCR

$2,244

Rent

-$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,244 income − $2,413 expenses = $169 out of pocket

Income$2,244Out of Pocket$169Mortgage P&I$1,18553%Property Taxes$56725%Insurance$783%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,675

Downpayment

20%

$43,500

Closing costs

1%

$2,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,244

Total Expenses

$2,413

Mortgage P&I

53%

$1,185

Property Taxes

25%

$567

Home Insurance

3%

$78

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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