$224,170
8554 S Aberdeen St
Chicago IL, 60620
Financial Returns
FinancingCash Flow/mo: $746
CashCash Flow/mo: $1,740
27.40%IRR
9.09%CAP Rate
14.52%Cash On Cash
-$224,170Equity
Property Information
- Beds: 3
- Baths: 1
- Sq Feet: 1,435
- Year: 1890
- Monthly Rent: $2,040
- Property Taxes: $985
- Annual HOA: $0
FULLY REHABBED AND RENTED VIA SECTION 8! THIS IS A CASH COW GUARANTEED INCOME!
*FREE PROPERTY MGMT FOR THE FIRST 12 MONTHS! After that it is 8% per month.
*THIS IS BEING SOLD IN A PACKAGE OF 5 HOMES TOGETHER.
Financial Projections
Debt (166k, 161k, 156k, 140k) Equity (64k, 68k, 74k, 90k) Appreciation (0k, 0k, 0k, 0k) Cash Positioning (9k, 29k, 51k, 120k)
Financing Assumptions
| Loan Amount | $168,128 |
| Financed Rehab Amount | $0 |
| Interest Rate | 5.875% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $995 |
Initial Investment
| Down Payment (25%) | $56,043 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,242 |
| Points (2%) | $3,363 |
| Total Out Of Pocket | $61,647 |
Property KPI Without Financing
| Annual Cash Flow | $20,886 |
| All In Cost | $229,774 |
| Cap Rate | 9.09% |
Property KPI With Financing
| Annual Cash Flow | $8,951 |
| Total Out Of Pocket | $61,647 |
| Cash On Cash | 14.52% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 12.94% | 12.94% | 12.94% | 12.94% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,040 | $24,480 | $25,971 | $27,552 | $31,941 |
| Vacancy Rate (2%) | $41 | $490 | $519 | $551 | $639 |
| Gross Rental Income | $1,999 | $23,990 | $25,451 | $27,001 | $31,302 |
| Expenses | |||||
| Estimated Annual Property Taxes | $82 | $985 | $1,045 | $1,109 | $1,285 |
| Estimated Annual Homeowners Insurance | $117 | $1,400 | $1,485 | $1,576 | $1,827 |
| Maintenance & Repairs (3%) | $60 | $720 | $764 | $810 | $939 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $259 | $3,105 | $3,294 | $3,494 | $4,051 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,740 | $20,886 | $22,158 | $23,507 | $27,251 |
| Net Cashflow | $20,886 | $22,158 | $23,507 | $27,251 | |
| Cap Rate | 9.09% | 9.64% | 10.23% | 11.86% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,740 | $20,886 | $22,158 | $23,507 | $27,251 |
| Mortgage | $995 | $11,934 | $11,934 | $11,934 | $11,934 |
| Net Cashflow | $8,951 | $10,223 | $11,573 | $15,317 | |
| Cash On Cash | 14.52% | 16.58% | 18.77% | 24.85% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.