REI Lense

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$2,919 (target)

1907 Carriage Ln, Joliet, IL 60433

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -3.4% first-year return on $62,895 initial cash invested.

-3.4%

Cash On Cash

6.58%

Cap Rate

0.98

DSCR

$2,919

Rent

-$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,919 income − $3,097 expenses = $178 out of pocket

Income$2,919Out of Pocket$178Mortgage P&I$1,67557%Property Taxes$55819%Insurance$1054%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,895

Downpayment

20%

$59,900

Closing costs

1%

$2,995

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,919

Total Expenses

$3,097

Mortgage P&I

57%

$1,675

Property Taxes

19%

$558

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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