Multi: S. Rhodes

Value: $185,000
Gross Rent: $2,150
Est ROI: 15.89%

Status Available Now
Rehab Complete
Property Type 2 Units
Bed / Bath 5/2
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
$200000
$185000
Purchase Price
$185000
$185000
Initial Equity
$15000
$0
Down Payment
25%
100%
Amount Financed
$138750
$0
Down Payment Amount
$46250
$185000
Closing Costs & Fees
$5550
$3500
Total Cash Investment
$51800
$188500
Interest Rate (30 yr Fixed)
4.25%
4.25%
Debt Service (P&I) Monthly
$683
$0
Debt Service (P&I) Yearly
$8191
$0
Monthly Rent (GSI)
$2150
$2150
Annual Property Tax
$900
$900
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Vacancy Rate (% of GSI)
4%
5%
Maintenance Rate (% of GSI)
5%
5%
Property Mgmt Rate (% of GSI)
8%
8%
Gross Scheduled Income (GSI)
$25800
$25800
Less Vacancy Amount
$1032
$1290
Gross Operating Income (GOI)
$24768
$24510
Annual Operating Expenses
Property Management
$1982
$1961
Annual Property Taxes
$900
$900
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1238.4
$1225.5
Total Operating Expenses
$8000.4
$7966.5
Net Operating Income
$16767.6
$16543.5
Less Debt Service
$8191
$0
Before-Tax Cash Flow (BTCF)
$8576.6
$16543.5
Cash-On-Cash ROI
16.56%
8.78%