Multi: S. Harvard

Value: $175,000
Gross Rent: $2,200
Est ROI: 15.21%

Status Under Construction
Rehab Rehab Ongoing
Property Type 2 Unit
Beds / Baths 6/2
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
$5100
$5100
Total Cash Investment
$48850
$180100
Interest Rate (30 yr Fixed)
4.50%
4.50%
Debt Service (P&I) Monthly
$666
$0
Debt Service (P&I) Yearly
$7981
$0
Monthly Rent (GSI)
$2200
$2200
Annual Property Tax
$2650
$2650
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)
$26400
$26400
Less Vacancy Amount
$1056
$1056
Gross Operating Income (GOI)
$25344
$25344
Annual Operating Expenses
Property Management
$2028
$2028
Annual Property Taxes
$2650
$2650
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1267.2
$1267.2
Total Operating Expenses
$9825.2
$9825.2
Net Operating Income
$15518.8
$15518.8
Less Debt Service
$7981
$0
Before-Tax Cash Flow (BTCF)
$7537.8
$15518.8
Cash-On-Cash ROI
15.43%
8.62%