REI Lense

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$4,716 (target)

3318 Caroline Dr, Joliet, IL 60435

3 beds • 3 baths • 2384 sqft

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This property might be a fair Mid-Term investment with a projected 4.43% first-year return on $101k initial cash invested.

4.43%

Cash On Cash

7.98%

Cap Rate

1.27

DSCR

$4,716

Rent

$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,716 income − $4,345 expenses = $371 cash flow

Income$4,716Mortgage P&I$2,05444%Property Taxes$54712%Insurance$1403%Management$56612%CapEx$1894%Vacancy$1413%Maintenance$1894%Other$51911%Cash Flow$371

Investment Breakdown

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Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,660

Closing costs

1%

$3,933

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,716

Total Expenses

$4,345

Mortgage P&I

44%

$2,054

Property Taxes

12%

$547

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$566

CapEx

4%

$189

Vacancy

3%

$141

Maintenance

4%

$189

Other

11%

$519

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