Multi: S. Ada

Value: $185,000
Gross Rent: $2,250
Est ROI: 13.98%

Status Avail. In 60 Days
Rehab Active
Property Type 2 Units
Bed / Bath 6/2
Exterior Brick

Please contact us with questions regarding this property at (312) 690-7711 or email sales@eliteinvest.com

rental Performa calculator

Finance
Cash
Market or Appraised Value
$200000
$200000
Purchase Price
$185000
$185000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$138750
$0
Down Payment Amount
$46250
$185000
Closing Costs & Fees
$5550
$3500
Total Cash Investment
$51800
$188500
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$745
$0
Debt Service (P&I) Yearly
$8939
$0
Monthly Rent (GSI)
$2250
$2250
Annual Property Tax
$2886
$2886
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Vacancy Rate (% of GSI)
4%
4%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$27000
$27000
Less Vacancy Amount
$1080
$1080
Gross Operating Income (GOI)
$25920
$25920
Annual Operating Expenses
Property Management
$2074
$2074
Annual Property Taxes
$2886
$2886
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1296
$1296
Total Operating Expenses
$10136
$10136
Net Operating Income
$15784
$15784
Less Debt Service
$8939
$0
Before-Tax Cash Flow (BTCF)
$6845
$15784
Cash-On-Cash ROI
13.21%
8.37%