Multi: S. Bennett

Value: $190,000
Gross Rent: $2,250
Est ROI: 13.79%

Status Under Construction
Rehab Rehab Ongoing
Property Type 2 Unit
Beds / Baths 8 / 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)
$2250
$2200
Annual Property Tax
$2700
$2053
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
$26400
Less Vacancy Amount
$1080
$1056
Gross Operating Income (GOI)
$25920
$25344
Annual Operating Expenses
Property Management
$2074
$2028
Annual Property Taxes
$2700
$2053
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1296
$1267.2
Total Operating Expenses
$9950
$9228.2
Net Operating Income
$15970
$16115.8
Less Debt Service
$8665
$0
Before-Tax Cash Flow (BTCF)
$7305
$16115.8
Cash-On-Cash ROI
13.89%
8.26%