Multi: S. Champlain

Value: $190,000
Gross Rent: $2,350
Est ROI: 15.99%

Status Available Now
Rehab Complete
Property Type 2 Unit
Beds / Baths 7/2
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
$195000
$195000
Purchase Price
$180000
$180000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$135000
$0
Down Payment Amount
$45000
$180000
Closing Costs & Fees
$5100
$3500
Total Cash Investment
$50100
$183500
Interest Rate (30 yr Fixed)
4.5%
%
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Debt Service (P&I) Monthly
$685
$0
Debt Service (P&I) Yearly
$8209
$0
Monthly Rent (GSI)
$2300
$2300
Annual Property Tax
$2787
$2787
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Vacancy Rate (% of GSI)
4%
5%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$27600
$27600
Less Vacancy Amount
$1104
$1380
Gross Operating Income (GOI)
$26496
$26220
Annual Operating Expenses
Property Management
$2120
$2098
Annual Property Taxes
$2787
$2787
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1324.8
$1311
Total Operating Expenses
$10111.8
$10076
Net Operating Income
$16384.2
$16144
Less Debt Service
$8209
$0
Before-Tax Cash Flow (BTCF)
$8175.2
$16144
Cash-On-Cash ROI
16.32%
8.8%