203 Louis Rd

Joliet, IL 60433
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3 bd, 1 ba | 1,296 sqft | Built in 1954

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List Price
$80,000

Initial Investment

$22,681

Purchase Price

$80,000

Down Payment

25%

Rent

$1,288

Total Return

$38,974

Annualized Return

26.2%

Cap Rate

10.3%

Gross Yield

19.3%

Cash Flow

$3,023

Appreciation

5.3%
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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

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Annual Financial Highlights

Expected Rent

$14,683

Expenses

-$5,011

Property Taxes

-$2,300

Loan Payments

-$4,349

Net Cash Flow

$3,023

See more in Financials

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