REI Lense

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$3,442 (target)

1703 Terrace Ave, Joliet, IL 60435

3 beds • 2 baths • 1574 sqft

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This property might be a fair Mid-Term investment with a projected 2.67% first-year return on $78,333 initial cash invested.

2.67%

Cash On Cash

7.57%

Cap Rate

1.21

DSCR

$3,442

Rent

$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,442 income − $3,268 expenses = $174 cash flow

Income$3,442Mortgage P&I$1,50044%Property Taxes$49514%Insurance$1023%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37911%Cash Flow$174

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,333

Downpayment

20%

$57,460

Closing costs

1%

$2,873

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,442

Total Expenses

$3,268

Mortgage P&I

44%

$1,500

Property Taxes

14%

$495

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$379

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