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1408 E Washington St, Joliet, IL 60433

3 beds • 2 baths • 2140 sqft

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This property looks like a bad Airbnb investment with a projected -20% first-year return on $63,675 initial cash invested.

-20%

Cash On Cash

1.01%

Cap Rate

0.15

DSCR

$1,479

Rent

-$1,061

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,479 income − $2,540 expenses = $1,061 out of pocket

Income$1,479Out of Pocket$1,061Mortgage P&I$1,18580%Property Taxes$56738%Insurance$785%Management$22215%CapEx$594%Maintenance$594%Other$37025%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,675

Downpayment

20%

$43,500

Closing costs

1%

$2,175

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,479

Total Expenses

$2,540

Mortgage P&I

80%

$1,185

Property Taxes

38%

$567

Home Insurance

5%

$78

HOA

0%

$0

Property Management

15%

$222

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$370

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