Multi: S. Rhodes

Value: $185,000
Gross Rent: $2,350
Est ROI: 16.97%

Status Under Construction
Rehab Rehab Ongoing
Property Type 2 Unit
Beds / Baths 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
$200000
$200000
Purchase Price
$185000
$185000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$138750
$0
Down Payment Amount
$46250
$185000
Closing Costs & Fees
$5100
$5100
Total Cash Investment
$51350
$190100
Interest Rate (30 yr Fixed)
4.50%
4.50%
Debt Service (P&I) Monthly
$704
$0
Debt Service (P&I) Yearly
$8437
$0
Monthly Rent (GSI)
$2350
$2350
Annual Property Tax
$2713
$2713
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
$28200
Less Vacancy Amount
$1128
$1128
Gross Operating Income (GOI)
$27072
$27072
Annual Operating Expenses
Property Management
$2166
$2166
Annual Property Taxes
$2713
$2713
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1353.6
$1353.6
Total Operating Expenses
$10112.6
$10112.6
Net Operating Income
$16959.4
$16959.4
Less Debt Service
$8437
$0
Before-Tax Cash Flow (BTCF)
$8522.4
$16959.4
Cash-On-Cash ROI
16.6%
8.92%