Multi: S. Ellis

Value: $365,000
Gross Rent: $4,200
Est ROI: 15.73%

Status Avail. In 60 Days
Rehab Active
Property Type 3 Units
Bed / Bath 10/4
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
$380000
$380000
Purchase Price
$365000
$365000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$273750
$0
Down Payment Amount
$91250
$365000
Closing Costs & Fees
$10950
$4250
Total Cash Investment
$102200
$369250
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$1470
$0
Debt Service (P&I) Yearly
$17635
$0
Monthly Rent (GSI)
$4200
$4200
Annual Property Tax
$2429
$2429
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)
$50400
$50400
Less Vacancy Amount
$2016
$2016
Gross Operating Income (GOI)
$48384
$48384
Annual Operating Expenses
Property Management
$3871
$3871
Annual Property Taxes
$2429
$2429
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Repairs & Maintenance
$2419.2
$2419.2
Total Operating Expenses
$14679.2
$14679.2
Net Operating Income
$33704.8
$33704.8
Less Debt Service
$17635
$0
Before-Tax Cash Flow (BTCF)
$16069.8
$33704.8
Cash-On-Cash ROI
15.72%
9.13%