Multi: S. Indiana

Value: $180,000
Gross Rent: $2,250
Est ROI: 15.06%

Status Under Construction
Rehab Rehab Ongoing
Available Pending
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
$195000
$195000
Purchase Price
$180000
$180000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$135000
$0
Down Payment Amount
$45000
$180000
Closing Costs & Fees
$5100
$5100
Total Cash Investment
$50100
$185100
Interest Rate (30 yr Fixed)
4.50%
4.50%%
Debt Service (P&I) Monthly
$685
$0
Debt Service (P&I) Yearly
$8209
$0
Monthly Rent (GSI)
$2250
$2250
Annual Property Tax
$2909
$2909
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)
$27000
$27000
Less Vacancy Amount
$1080
$1080
Gross Operating Income (GOI)
$25920
$25920
Annual Operating Expenses
Property Management
$2074
$2074
Annual Property Taxes
$2909
$2909
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1296
$1296
Total Operating Expenses
$10159
$10159
Net Operating Income
$15761
$15761
Less Debt Service
$8209
$0
Before-Tax Cash Flow (BTCF)
$7552
$15761
Cash-On-Cash ROI
15.07%
8.51%