$118,500
14800 Irving Ave
Dolton IL, 60419
Financial Returns
FinancingCash Flow/mo: $526
CashCash Flow/mo: $1,050
28.15%IRR
10.39%CAP Rate
16.44%Cash On Cash
$1,500Equity
Property Information
- Beds: 3
- Baths: 1
- Sq Feet: 986
- Year: 1950
- Monthly Rent: $1,375
- Property Taxes: $2,281
- Annual HOA: $0
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%.
Financial Projections
Debt (82k, 80k, 78k, 70k) Equity (39k, 41k, 44k, 51k) Appreciation (6k, 19k, 34k, 77k) Cash Positioning (6k, 20k, 35k, 82k)
Financing Assumptions
| Loan Amount | $82,950 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $524 |
Initial Investment
| Down Payment (30%) | $35,550 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,185 |
| Points (2%) | $1,659 |
| Total Out Of Pocket | $38,394 |
Property KPI Without Financing
| Annual Cash Flow | $12,604 |
| All In Cost | $121,344 |
| Cap Rate | 10.39% |
Property KPI With Financing
| Annual Cash Flow | $6,312 |
| Total Out Of Pocket | $38,394 |
| Cash On Cash | 16.44% |
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 | 22.05% | 22.05% | 22.05% | 22.05% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,375 | $16,500 | $17,505 | $18,571 | $21,529 |
| Vacancy Rate (2%) | $28 | $330 | $350 | $371 | $431 |
| Gross Rental Income | $1,348 | $16,170 | $17,155 | $18,199 | $21,098 |
| Expenses | |||||
| Estimated Annual Property Taxes | $190 | $2,281 | $2,420 | $2,567 | $2,976 |
| Estimated Annual Homeowners Insurance | $67 | $800 | $849 | $900 | $1,044 |
| Maintenance & Repairs (3%) | $40 | $485 | $515 | $546 | $633 |
| 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 | $297 | $3,566 | $3,783 | $4,014 | $4,653 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,050 | $12,604 | $13,371 | $14,186 | $16,445 |
| Net Cashflow | $12,604 | $13,371 | $14,186 | $16,445 | |
| Cap Rate | 10.39% | 11.02% | 11.69% | 13.55% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,050 | $12,604 | $13,371 | $14,186 | $16,445 |
| Mortgage | $524 | $6,292 | $6,292 | $6,292 | $6,292 |
| Net Cashflow | $6,312 | $7,080 | $7,894 | $10,154 | |
| Cash On Cash | 16.44% | 18.44% | 20.56% | 26.45% | |
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.