REI Lense

REI Lense

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$2,530 (target)

2105 Glenwood Ave, Joliet, IL 60435

3 beds • 2 baths • 1897 sqft

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This property looks like a bad Mid-Term investment with a projected -9.74% first-year return on $86,355 initial cash invested.

-9.74%

Cash On Cash

3.98%

Cap Rate

0.64

DSCR

$2,530

Rent

-$701

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,530 income − $3,231 expenses = $701 out of pocket

Income$2,530Out of Pocket$701Mortgage P&I$1,67966%Property Taxes$57623%Insurance$1165%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,355

Downpayment

20%

$65,100

Closing costs

1%

$3,255

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,530

Total Expenses

$3,231

Mortgage P&I

66%

$1,679

Property Taxes

23%

$576

Home Insurance

5%

$116

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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