516 N Reed St
Joliet, IL 60435
List Price
$275,000
Initial Investment
$74,938Purchase Price
$275,000
Down Payment
25%
Rent
$1,850
Total Return
$95,973
Annualized Return
16.3%
Cap Rate
3.4%
Gross Yield
8.1%
Cash Flow
-$6,314
Appreciation
8.1%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,183
HOA
None
Flood Risk
Not Required
Here it is! That perfect home right in the core of the Joliet's most sought after neighborhood, The Cathedral Area. This spacious ranch home has three large bedrooms and 1.5 baths. It has an eat in kitchen complete with a huge farm sink. This beautiful ranch is blessed with beautiful hardwood floors through out the home. The living room has a huge window that fills this room with an abundance of natural light. Most of the home has been freshly painted. There is also a full basement with the 1/2 bath. ( The sellers never used this shower) The back yard is fenced and there is a 2.5 car garage. The backyard also offers a large concrete patio for those summer cookouts. Some news are the siding was installed in 2018, GFA & AC installed n 2020 and the humidifier in 2021. The sellers never used the water softener and is AS-IS This is a wonderful home, but is being sold in as is condition.
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852
Annual Financial Highlights
Expected Rent
$21,090Expenses
-$3,754Property Taxes
-$8,700Loan Payments
-$14,950Net Cash Flow
-$6,314See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Certified Agent Brokerage:Christopher Stjernholm
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AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12120317
Last Updated: 07/26/2024 19:07
MLS #12120317
Last Updated: 07/26/2024 19:07