Multi: S. Artesian

Value: $190,000
Gross Rent: $2,500
Est ROI: 18.92%

Status Under Construction
Rehab Rehab Ongoing
Property Type 2 Unit
Beds / Baths 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
$205000
$205000
Purchase Price
$190000
$190000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$142500
$0
Down Payment Amount
$47500
$190000
Closing Costs & Fees
$5100
$5100
Total Cash Investment
$52600
$195100
Interest Rate (30 yr Fixed)
4.50%
4.50%
Debt Service (P&I) Monthly
$723
$0
Debt Service (P&I) Yearly
$8665
$0
Monthly Rent (GSI)
$2500
$2500
Annual Property Tax
$2759
$2759
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)
$30000
$30000
Less Vacancy Amount
$1200
$1200
Gross Operating Income (GOI)
$28800
$28800
Annual Operating Expenses
Property Management
$2304
$2304
Annual Property Taxes
$2759
$2759
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1440
$1440
Total Operating Expenses
$10383
$10383
Net Operating Income
$18417
$18417
Less Debt Service
$8665
$0
Before-Tax Cash Flow (BTCF)
$9752
$18417
Cash-On-Cash ROI
18.54%
9.44%