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$3,658 (target)

521 Cowles Ave, Joliet, IL 60435

3 beds • 2 baths • 1388 sqft

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This property might be a fair Mid-Term investment with a projected 2.76% first-year return on $80,979 initial cash invested.

2.76%

Cash On Cash

7.3%

Cap Rate

1.22

DSCR

$3,658

Rent

$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,658 income − $3,472 expenses = $186 cash flow

Income$3,658Mortgage P&I$1,49341%Property Taxes$63117%Insurance$1053%Management$43912%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%Cash Flow$186

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,658

Total Expenses

$3,472

Mortgage P&I

41%

$1,493

Property Taxes

17%

$631

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$439

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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