REI Lense

REI Lense

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$2,439 (target)

521 Cowles Ave, Joliet, IL 60435

3 beds • 2 baths • 1388 sqft

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This property looks like a bad Long-Term investment with a projected -8.08% first-year return on $62,979 initial cash invested.

-8.08%

Cash On Cash

4.77%

Cap Rate

0.8

DSCR

$2,439

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,439 income − $2,863 expenses = $424 out of pocket

Income$2,439Out of Pocket$424Mortgage P&I$1,49361%Property Taxes$63126%Insurance$1054%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,439

Total Expenses

$2,863

Mortgage P&I

61%

$1,493

Property Taxes

26%

$631

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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