Multi: S. Constance

Value: $299,000
Gross Rent: $3,500
Est ROI: 12.98%

Status Avail. In 120 Days
Rehab Active
Property Type 3 Units
Bed / Bath 9/3
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
$314000
$314000
Purchase Price
$299000
$299000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$224250
$0
Down Payment Amount
$74750
$299000
Closing Costs & Fees
$8970
$4250
Total Cash Investment
$83720
$303250
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$1204
$0
Debt Service (P&I) Yearly
$14446
$0
Monthly Rent (GSI)
$3500
$3500
Annual Property Tax
$4452
$4452
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Vacancy Rate (% of GSI)
4%
4%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$42000
$42000
Less Vacancy Amount
$1680
$1680
Gross Operating Income (GOI)
$40320
$40320
Annual Operating Expenses
Property Management
$3226
$3226
Annual Property Taxes
$4452
$4452
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Repairs & Maintenance
$2016
$2016
Total Operating Expenses
$15654
$15654
Net Operating Income
$24666
$24666
Less Debt Service
$14446
$0
Before-Tax Cash Flow (BTCF)
$10220
$24666
Cash-On-Cash ROI
12.21%
8.13%