REI Lense

REI Lense

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$2,472 (target)

2204 Douglas St, Joliet, IL 60435

3 beds • 2 baths • 1488 sqft

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This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $66,570 initial cash invested.

-9.01%

Cash On Cash

4.94%

Cap Rate

0.78

DSCR

$2,472

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,472 income − $2,972 expenses = $500 out of pocket

Income$2,472Out of Pocket$500Mortgage P&I$1,68068%Property Taxes$53722%Insurance$1125%Management$24710%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

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Purchase Price

$317k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,570

Downpayment

20%

$63,400

Closing costs

1%

$3,170

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,472

Total Expenses

$2,972

Mortgage P&I

68%

$1,680

Property Taxes

22%

$537

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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