Financial Returns
Property Information
- Beds: 5
- Baths: 4
- Sq Feet: 2,464
- Year: 1920
- Monthly Rent: $2,700
- Property Taxes: $1,630
- Annual HOA: $0
High quality renovation! 3/2 and 2/2 duplex on a nice street close to restaurants, parks and Lake Michigan! Tenants can commute to Chicago for work but have better schools, lower taxes and cost of living and lower crime in Indiana, which is a landlord friendly state. New exterior and interior paint, luxury vinyl plank, lighting, brand new kitchen with granite countertops, stainless steel appliances! New bathrooms with new shower surrounds, toilets, vanities, mirrors and more. New exterior doors, windows, hvac and roof was replaced recently before current owner purchased property!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 10%.
Financial Projections
Financing Assumptions
| Loan Amount | $191,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6.7% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $1,234 |
Initial Investment
| Down Payment (25%) | $63,750 |
| Rehab Amount | $0 |
| Est Closing Cost (2%) | $5,100 |
| Points (2%) | $3,825 |
| Total Out Of Pocket | $72,675 |
Property KPI Without Financing
| Annual Cash Flow | $27,619 |
| All In Cost | $263,925 |
| Cap Rate | 10.46% |
Property KPI With Financing
| Annual Cash Flow | $12,810 |
| Total Out Of Pocket | $72,675 |
| Cash On Cash | 17.63% |
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 | 13.02% | 13.02% | 13.02% | 13.02% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,700 | $32,400 | $34,373 | $36,466 | $42,275 |
| Vacancy Rate (2%) | $54 | $648 | $687 | $729 | $845 |
| Gross Rental Income | $2,646 | $31,752 | $33,686 | $35,737 | $41,429 |
| Expenses | |||||
| Estimated Annual Property Taxes | $136 | $1,630 | $1,729 | $1,835 | $2,127 |
| Estimated Annual Homeowners Insurance | $117 | $1,400 | $1,485 | $1,576 | $1,827 |
| Maintenance & Repairs (3%) | $79 | $953 | $1,011 | $1,072 | $1,243 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $13 | $150 | $159 | $169 | $196 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $344 | $4,133 | $4,384 | $4,651 | $5,392 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $2,302 | $27,619 | $29,301 | $31,086 | $36,037 |
| Net Cashflow | $27,619 | $29,301 | $31,086 | $36,037 | |
| Cap Rate | 10.46% | 11.1% | 11.78% | 13.65% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $2,302 | $27,619 | $29,301 | $31,086 | $36,037 |
| Mortgage | $1,234 | $14,809 | $14,809 | $14,809 | $14,809 |
| Net Cashflow | $12,810 | $14,492 | $16,277 | $21,228 | |
| Cash On Cash | 17.63% | 19.94% | 22.4% | 29.21% | |
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.