Multi: S. Rhodes

Value: $285,000
Gross Rent: $3,500
Est ROI: 16.34%

Status Available Now
Rehab Complete
Property Type 3 Unit
Beds / Baths 9/3
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
$300000
$285000
Purchase Price
$285000
$285000
Initial Equity
$15000
$0
Down Payment
25%
100%
Amount Financed
$213750
$0
Down Payment Amount
$71250
$285000
Closing Costs & Fees
$8550
$8550
Total Cash Investment
$79800
$293550
Interest Rate (30 yr Fixed)
4.38%
%
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Debt Service (P&I) Monthly
$1068
$0
Debt Service (P&I) Yearly
$12815
$0
Monthly Rent (GSI)
$3500
$3500
Annual Property Tax
$3100
$3100
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Vacancy Rate (% of GSI)
4%
5%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$42000
$42000
Less Vacancy Amount
$1680
$2100
Gross Operating Income (GOI)
$40320
$39900
Annual Operating Expenses
Property Management
$3226
$3192
Annual Property Taxes
$3100
$3100
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Repairs & Maintenance
$2016
$1995
Total Operating Expenses
$14302
$14247
Net Operating Income
$26018
$25653
Less Debt Service
$12815
$0
Before-Tax Cash Flow (BTCF)
$13203
$25653
Cash-On-Cash ROI
16.55%
8.74%