$168,973
2319 W 170th St
Hazel Crest IL, 60429
Financial Returns
FinancingCash Flow/mo: $738
CashCash Flow/mo: $1,539
31.76%IRR
10.66%CAP Rate
19.05%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 1
- Sq Feet: 1,225
- Year: 1951
- Monthly Rent: $2,055
- Property Taxes: $3,978
- Annual HOA: $0
SECTION 8 RENTED! Newer roof, water heater, furnace, kitchen cabinets and granite, flooring, partial electrical update, updated bathroom.
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Debt (125k, 122k, 119k, 107k) Equity (48k, 51k, 55k, 66k) Appreciation (9k, 27k, 47k, 108k) Cash Positioning (9k, 28k, 50k, 116k)
Financing Assumptions
| Loan Amount | $126,730 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.5% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $801 |
Initial Investment
| Down Payment (25%) | $42,243 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,690 |
| Points (2%) | $2,535 |
| Total Out Of Pocket | $46,468 |
Property KPI Without Financing
| Annual Cash Flow | $18,464 |
| All In Cost | $173,197 |
| Cap Rate | 10.66% |
Property KPI With Financing
| Annual Cash Flow | $8,852 |
| Total Out Of Pocket | $46,468 |
| Cash On Cash | 19.05% |
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 | 23.6% | 23.6% | 23.6% | 23.6% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,055 | $24,660 | $26,162 | $27,755 | $32,176 |
| Vacancy Rate (2%) | $41 | $493 | $523 | $555 | $644 |
| Gross Rental Income | $2,014 | $24,167 | $25,639 | $27,200 | $31,532 |
| Expenses | |||||
| Estimated Annual Property Taxes | $332 | $3,978 | $4,220 | $4,477 | $5,190 |
| Estimated Annual Homeowners Insurance | $83 | $1,000 | $1,061 | $1,126 | $1,305 |
| Maintenance & Repairs (3%) | $60 | $725 | $769 | $816 | $946 |
| 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 | $475 | $5,703 | $6,050 | $6,419 | $7,441 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,539 | $18,464 | $19,588 | $20,781 | $24,091 |
| Net Cashflow | $18,464 | $19,588 | $20,781 | $24,091 | |
| Cap Rate | 10.66% | 11.31% | 12% | 13.91% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,539 | $18,464 | $19,588 | $20,781 | $24,091 |
| Mortgage | $801 | $9,612 | $9,612 | $9,612 | $9,612 |
| Net Cashflow | $8,852 | $9,976 | $11,169 | $14,479 | |
| Cash On Cash | 19.05% | 21.47% | 24.04% | 31.16% | |
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.