Multi: S. Vincennes

Value: $190,000
Gross Rent: $2,250
Est ROI: 12.58%

Status AVAILABLE NOW
Rehab COMPLETE
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
$210000
$200000
Purchase Price
$190000
$190000
Initial Equity
$20000
$10000
Down Payment
25%
100%
Amount Financed
$142500
$0
Down Payment Amount
$47500
$190000
Closing Costs & Fees
$5100
$5100
Total Cash Investment
$52600
$195100
Interest Rate (30 yr Fixed)
4.50%
4.50%
Debt Service (P&I) Monthly
$723
$0
Debt Service (P&I) Yearly
$8665
$0
Monthly Rent (GSI)
$2250
$2250
Annual Property Tax
$3310
$3310
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
$3310
$3310
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1296
$1296
Total Operating Expenses
$10560
$10560
Net Operating Income
$15360
$15360
Less Debt Service
$8665
$0
Before-Tax Cash Flow (BTCF)
$6695
$15360
Cash-On-Cash ROI
12.73%
7.87%