Multi: S. Lengley

Value: $190,000
Gross Rent: $2,300
Est ROI: 12.35%

Status Avail. In 60 Days
Rehab Active
Property Type 2 Units
Bed / Bath 7/2
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
$205000
$205000
Purchase Price
$190000
$190000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$142500
$0
Down Payment Amount
$47500
$190000
Closing Costs & Fees
$5700
$3500
Total Cash Investment
$53200
$193500
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$765
$0
Debt Service (P&I) Yearly
$9180
$0
Monthly Rent (GSI)
$2300
$2300
Annual Property Tax
$3825
$3825
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)
$27600
$27600
Less Vacancy Amount
$1104
$1104
Gross Operating Income (GOI)
$26496
$26496
Annual Operating Expenses
Property Management
$2120
$2120
Annual Property Taxes
$3825
$3825
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1324.8
$1324.8
Total Operating Expenses
$11149.8
$11149.8
Net Operating Income
$15346.2
$15346.2
Less Debt Service
$9180
$0
Before-Tax Cash Flow (BTCF)
$6166.2
$15346.2
Cash-On-Cash ROI
11.59%
7.93%