Multi: S. Marquette

Value: $190,000
Gross Rent: $2,350
Est ROI: 14.57%

Status Available In 120 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)
4.25%
4.25%
Debt Service (P&I) Monthly
$702
$0
Debt Service (P&I) Yearly
$8413
$0
Monthly Rent (GSI)
$2350
$2530
Annual Property Tax
$3141
$3141
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)
$28200
$30360
Less Vacancy Amount
$1128
$1214.4
Gross Operating Income (GOI)
$27072
$29145.6
Annual Operating Expenses
Property Management
$2166
$2332
Annual Property Taxes
$3141
$3141
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1353.6
$1457.28
Total Operating Expenses
$10540.6
$10810.28
Net Operating Income
$16531.4
$18335.32
Less Debt Service
$8413
$0
Before-Tax Cash Flow (BTCF)
$8118.4
$18335.32
Cash-On-Cash ROI
15.26%
9.48%