Multi: S. Union

Value: $180,000
Gross Rent: $2,250
Est ROI: 16.06%

Status Under Construction
Rehab Rehab Ongoing
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
$195000
$195000
Purchase Price
$180000
$180000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$135000
$0
Down Payment Amount
$45000
$180000
Closing Costs & Fees
$5400
$5400
Total Cash Investment
$50400
$185400
Interest Rate (30 yr Fixed)
4.50%
4.50%
Debt Service (P&I) Monthly
$685
$0
Debt Service (P&I) Yearly
$8209
$0
Monthly Rent (GSI)
$2250
$2250
Annual Property Tax
$2260
$2260
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
$2260
$2260
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1296
$1296
Total Operating Expenses
$9510
$9510
Net Operating Income
$16410
$16410
Less Debt Service
$8209
$0
Before-Tax Cash Flow (BTCF)
$8201
$16410
Cash-On-Cash ROI
16.27%
8.85%