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Property details
Beds3
Baths1
Square feet986
Year built1950
Property typeSingle Family
CountyCook County
Proforma Turnkey End Buyer
Cash on Cash16.44%
Cap Rate10.39%
IRR28.15%
DSCR2.00x
ARV$120,000
Equity$1,500
Purchase & Financing
| Purchase price | $118,500 |
| Closing costs | $1,185 |
| Down payment (30%) | $35,550 |
| Loan amount | $82,950 |
| Loan points | $1,659 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $38,394 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1,375 | $16,500 |
| Vacancy | ($28) | ($330) |
| Property taxes | ($190) | ($2,281) |
| Insurance | ($67) | ($800) |
| Maintenance | ($40) | ($485) |
| Net operating income | $1,050 | $12,604 |
| Mortgage (P&I) | ($524) | ($6,292) |
| Net cash flow | $526 | $6,312 |
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
This property is rented via section 8 tenant and in good condition.
FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that, it is 8%.