REI Lense

REI Lense

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$2,295 (target)

1703 Terrace Ave, Joliet, IL 60435

3 beds • 2 baths • 1574 sqft

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This property looks like a bad Long-Term investment with a projected -7.96% first-year return on $60,333 initial cash invested.

-7.96%

Cash On Cash

5.07%

Cap Rate

0.81

DSCR

$2,295

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,295 income − $2,695 expenses = $400 out of pocket

Income$2,295Out of Pocket$400Mortgage P&I$1,50065%Property Taxes$49522%Insurance$1024%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,333

Downpayment

20%

$57,460

Closing costs

1%

$2,873

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,295

Total Expenses

$2,695

Mortgage P&I

65%

$1,500

Property Taxes

22%

$495

Home Insurance

4%

$102

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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