203 Louis Rd Joliet, IL 60433
3bd, 1ba | 1,296sqft | Built in 1954
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Initial Investment
$82,081
List Price: $80,000
Purchase Price
$80,000
Down Payment
100%
Rent
$1,288

Total Return
$43,025
Annualized Return
10.3%
Cap Rate
10.4%
Gross Yield
19.3%
Cash Flow
$7,447
Appreciation
2.0%
Features
Occupancy
Occupied
Lease Start
12/14/2017 
Lease End
12/31/2019 
Lot Size
1,100 
HOA
None
Flood Risk
Not Required
  • Month-to-month lease
  • Attractive cap rate
  • Within 10 minutes of downtown Joliet
  • Meets 1% rule

Annual Financial Highlight
Expected Rent
$14,683
Expenses
-$4,937
Property Taxes
-$2,300
Loan Payments
$0

Net Cash Flow
$7,447
Considerations
Property Characteristics    View Details

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