$259,500
11920 S Yale Ave
Chicago IL, 60628
Financial Returns
FinancingCash Flow/mo: $955
CashCash Flow/mo: $2,185
28.69%IRR
9.76%CAP Rate
15.50%Cash On Cash
$15,500Equity
Property Information
- Beds: 6
- Baths: 2
- Sq Feet: 1,298
- Year: 1989
- Monthly Rent: $2,604
- Property Taxes: $2,082
- Annual HOA: $0
SECTION 8 TENANT! In good condition, tenant has been there about 4 months, roof and gutters are brand new, plumbing is updated, electrical updated.
FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Debt (192k, 188k, 182k, 165k) Equity (76k, 81k, 86k, 104k) Appreciation (14k, 44k, 77k, 176k) Cash Positioning (11k, 37k, 65k, 153k)
Financing Assumptions
| Loan Amount | $194,625 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,230 |
Initial Investment
| Down Payment (25%) | $64,875 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $5,190 |
| Points (2%) | $3,893 |
| Total Out Of Pocket | $73,958 |
Property KPI Without Financing
| Annual Cash Flow | $26,222 |
| All In Cost | $268,583 |
| Cap Rate | 9.76% |
Property KPI With Financing
| Annual Cash Flow | $11,460 |
| Total Out Of Pocket | $73,958 |
| Cash On Cash | 15.5% |
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 | 14.37% | 14.37% | 14.37% | 14.37% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,604 | $31,248 | $33,151 | $35,170 | $40,772 |
| Vacancy Rate (2%) | $52 | $625 | $663 | $703 | $815 |
| Gross Rental Income | $2,552 | $30,623 | $32,488 | $34,467 | $39,956 |
| Expenses | |||||
| Estimated Annual Property Taxes | $174 | $2,082 | $2,209 | $2,343 | $2,717 |
| Estimated Annual Homeowners Insurance | $117 | $1,400 | $1,485 | $1,576 | $1,827 |
| Maintenance & Repairs (3%) | $77 | $919 | $975 | $1,034 | $1,199 |
| 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 | $367 | $4,401 | $4,669 | $4,953 | $5,742 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,185 | $26,222 | $27,819 | $29,513 | $34,214 |
| Net Cashflow | $26,222 | $27,819 | $29,513 | $34,214 | |
| Cap Rate | 9.76% | 10.36% | 10.99% | 12.74% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,185 | $26,222 | $27,819 | $29,513 | $34,214 |
| Mortgage | $1,230 | $14,762 | $14,762 | $14,762 | $14,762 |
| Net Cashflow | $11,460 | $13,057 | $14,752 | $19,452 | |
| Cash On Cash | 15.5% | 17.66% | 19.95% | 26.3% | |
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.