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Property details
Beds6
Baths2
Square feet1,750
Year built1904
Property typeSingle Family
CountyCook County
Proforma Turnkey End Buyer
Cash on Cash18.36%
Cap Rate10.27%
IRR30.75%
DSCR1.97x
ARV$259,400
Purchase & Financing
| Purchase price | $259,400 |
| Closing costs | $5,188 |
| Down payment (25%) | $64,850 |
| Loan amount | $194,550 |
| Loan points | $3,891 |
| Interest rate | 6.00% |
| Loan term | 30 years |
| Total out of pocket | $73,929 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $2,750 | $33,000 |
| Vacancy | ($55) | ($660) |
| Property taxes | ($183) | ($2,200) |
| Insurance | ($133) | ($1,600) |
| Maintenance | ($81) | ($970) |
| Net operating income | $2,297 | $27,570 |
| Mortgage (P&I) | ($1,166) | ($13,997) |
| Net cash flow | $1,131 | $13,573 |
View full proforma & projections
Projections are based on current rent, taxes, insurance and financing assumptions and are estimates only. Verify all figures independently before investing.
About this property
Recently renovated 2-3 months ago. Section 8 tenant already selected, rents should be between $2,800-$3,000+ approximately. New Plumbing, new electrical upgrade, roof was replaced 7 years ago, etc.
Getting more photos shortly…
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS, 8% after that.