Multi: S. Eggleston

Value: $275,000
Gross Rent: $3,500
Est ROI: 16.79%

Status Now
Rehab Complete
Property Type 3 Unit
Beds / Baths 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
$290000
$275000
Purchase Price
$275000
$275000
Initial Equity
$15000
$0
Down Payment
25%
100%
Amount Financed
$206250
$0
Down Payment Amount
$68750
$275000
Closing Costs & Fees
$8250
$8250
Total Cash Investment
$77000
$283250
Interest Rate (30 yr Fixed)
4.38%
4.38%
Debt Service (P&I) Monthly
$1031
$0
Debt Service (P&I) Yearly
$12365
$0
Monthly Rent (GSI)
$3500
$3500
Annual Property Tax
$3659
$3659
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
$3659
$3659
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Repairs & Maintenance
$2016
$2016
Total Operating Expenses
$14861
$14861
Net Operating Income
$25459
$25459
Less Debt Service
$12365
$0
Before-Tax Cash Flow (BTCF)
$13094
$25459
Cash-On-Cash ROI
17.01%
8.99%