REI Lense

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$2,051 (target)

507 Grant Ave, Joliet, IL 60433

3 beds • 2 baths • 1241 sqft

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This property looks like a bad Long-Term investment with a projected -4.09% first-year return on $52,479 initial cash invested.

-4.09%

Cash On Cash

6.09%

Cap Rate

0.94

DSCR

$2,051

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,051 income − $2,230 expenses = $179 out of pocket

Income$2,051Out of Pocket$179Mortgage P&I$1,34466%Property Taxes$26413%Insurance$884%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,051

Total Expenses

$2,230

Mortgage P&I

66%

$1,344

Property Taxes

13%

$264

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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