Multi: S. Exchange

Value: $175,000
Gross Rent: $2,150
Est ROI: 13.60%

Status Avail. In 30 Days
Rehab Active
Property Type 2 Units
Bed / Bath 5/2
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
$190000
$190000
Purchase Price
$175000
$175000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$131250
$0
Down Payment Amount
$43750
$175000
Closing Costs & Fees
$5250
$3500
Total Cash Investment
$49000
$178500
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$705
$0
Debt Service (P&I) Yearly
$8455
$0
Monthly Rent (GSI)
$2150
$2150
Annual Property Tax
$2919
$2919
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Vacancy Rate (% of GSI)
4%
4%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$25800
$25800
Less Vacancy Amount
$1032
$1032
Gross Operating Income (GOI)
$24768
$24768
Annual Operating Expenses
Property Management
$1982
$1982
Annual Property Taxes
$2919
$2919
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1238.4
$1238.4
Total Operating Expenses
$10019.4
$10019.4
Net Operating Income
$14748.6
$14748.6
Less Debt Service
$8455
$0
Before-Tax Cash Flow (BTCF)
$6293.6
$14748.6
Cash-On-Cash ROI
12.84%
8.26%