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$3,076 (target)

507 Grant Ave, Joliet, IL 60433

3 beds • 2 baths • 1241 sqft

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This property might be a fair Mid-Term investment with a projected 5.7% first-year return on $70,479 initial cash invested.

5.7%

Cash On Cash

8.65%

Cap Rate

1.34

DSCR

$3,076

Rent

$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,076 income − $2,741 expenses = $335 cash flow

Income$3,076Mortgage P&I$1,34444%Property Taxes$2649%Insurance$883%Management$36912%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%Cash Flow$335

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,076

Total Expenses

$2,741

Mortgage P&I

44%

$1,344

Property Taxes

9%

$264

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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