Multi: S. Evans

Value: $399,000
Gross Rent: $4,500
Est ROI: 13.00%

Status Avail. In 120 Days
Rehab Active
Property Type 4 Units
Bed / Bath 12/4
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
$414000
$414000
Purchase Price
$399000
$399000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$299250
$0
Down Payment Amount
$99750
$399000
Closing Costs & Fees
$11970
$5000
Total Cash Investment
$111720
$404000
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$1607
$0
Debt Service (P&I) Yearly
$19278
$0
Monthly Rent (GSI)
$4500
$4500
Annual Property Tax
$4749
$4739
Annual Utilities
$3240
$3240
Annual Landscaping
$1920
$1920
Annual Insurance Premium
$1900
$1900
Vacancy Rate (% of GSI)
4%
4%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$54000
$54000
Less Vacancy Amount
$2160
$2160
Gross Operating Income (GOI)
$51840
$51840
Annual Operating Expenses
Property Management
$4148
$4148
Annual Property Taxes
$4749
$4739
Annual Utilities
$3240
$3240
Annual Landscaping
$1920
$1920
Annual Insurance Premium
$1900
$1900
Repairs & Maintenance
$2592
$2592
Total Operating Expenses
$18549
$18539
Net Operating Income
$33291
$33301
Less Debt Service
$19278
$0
Before-Tax Cash Flow (BTCF)
$14013
$33301
Cash-On-Cash ROI
12.54%
8.24%