$259,400
8025 S Escanaba Ave
Chicago IL, 60617
Financial Returns
FinancingCash Flow/mo: $1,131
CashCash Flow/mo: $2,297
30.75%IRR
10.27%CAP Rate
18.36%Cash On Cash
$0Equity
Property Information
- Beds: 6
- Baths: 2
- Sq Feet: 1,750
- Year: 1904
- Monthly Rent: $2,750
- Property Taxes: $2,200
- Annual HOA: $0
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.
Financial Projections
Debt (192k, 187k, 181k, 163k) Equity (76k, 82k, 87k, 106k) Appreciation (13k, 42k, 73k, 166k) Cash Positioning (14k, 43k, 76k, 176k)
Financing Assumptions
| Loan Amount | $194,550 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,166 |
Initial Investment
| Down Payment (25%) | $64,850 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $5,188 |
| Points (2%) | $3,891 |
| Total Out Of Pocket | $73,929 |
Property KPI Without Financing
| Annual Cash Flow | $27,570 |
| All In Cost | $268,479 |
| Cap Rate | 10.27% |
Property KPI With Financing
| Annual Cash Flow | $13,573 |
| Total Out Of Pocket | $73,929 |
| Cash On Cash | 18.36% |
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 | 14.75% | 14.75% | 14.75% | 14.75% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,750 | $33,000 | $35,010 | $37,142 | $43,058 |
| Vacancy Rate (2%) | $55 | $660 | $700 | $743 | $861 |
| Gross Rental Income | $2,695 | $32,340 | $34,310 | $36,399 | $42,196 |
| Expenses | |||||
| Estimated Annual Property Taxes | $183 | $2,200 | $2,334 | $2,476 | $2,871 |
| Estimated Annual Homeowners Insurance | $133 | $1,600 | $1,697 | $1,801 | $2,088 |
| Maintenance & Repairs (3%) | $81 | $970 | $1,029 | $1,092 | $1,266 |
| 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 | $398 | $4,770 | $5,061 | $5,369 | $6,224 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,297 | $27,570 | $29,249 | $31,030 | $35,972 |
| Net Cashflow | $27,570 | $29,249 | $31,030 | $35,972 | |
| Cap Rate | 10.27% | 10.89% | 11.56% | 13.4% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,297 | $27,570 | $29,249 | $31,030 | $35,972 |
| Mortgage | $1,166 | $13,997 | $13,997 | $13,997 | $13,997 |
| Net Cashflow | $13,573 | $15,252 | $17,033 | $21,975 | |
| Cash On Cash | 18.36% | 20.63% | 23.04% | 29.72% | |
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.