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1408 E Washington St, Joliet, IL 60433

3 beds • 2 baths • 2140 sqft

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This property could be a profitable Airbnb investment with a projected 14.55% first-year return on $63,675 initial cash invested.

14.55%

Cash On Cash

11.9%

Cap Rate

1.82

DSCR

$5,003

Rent

$772

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,003 income − $4,231 expenses = $772 cash flow

Income$5,003Mortgage P&I$1,18524%Property Taxes$56711%Insurance$782%Management$75015%CapEx$2004%Maintenance$2004%Other$1,25125%Cash Flow$772

Investment Breakdown

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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

$5,003

Total Expenses

$4,231

Mortgage P&I

24%

$1,185

Property Taxes

11%

$567

Home Insurance

2%

$78

HOA

0%

$0

Property Management

15%

$750

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,251

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