Multi: S. Vernon

Value: $285,000
Gross Rent: $3,350
Est ROI: 13.81%

Status Available In 90 Days
Rehab Active
Property Type 3 Units
Bed / Baths 8/3
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
$4250
Total Cash Investment
$79800
$289250
Interest Rate (30 yr Fixed)
4.25%
4.25%
Debt Service (P&I) Monthly
$1052
$0
Debt Service (P&I) Yearly
$12619
$0
Monthly Rent (GSI)
$3350
$3350
Annual Property Tax
$3438
$3438
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)
$40200
$40200
Less Vacancy Amount
$1608
$2010
Gross Operating Income (GOI)
$38592
$38190
Annual Operating Expenses
Property Management
$3088
$3056
Annual Property Taxes
$3438
$3438
Annual Utilities
$2820
$2820
Annual Landscaping
$1440
$1440
Annual Insurance Premium
$1700
$1700
Repairs & Maintenance
$1929.6
$1909.5
Total Operating Expenses
$14415.6
$14363.5
Net Operating Income
$24176.4
$23826.5
Less Debt Service
$12619
$0
Before-Tax Cash Flow (BTCF)
$11557.4
$23826.5
Cash-On-Cash ROI
14.48%
8.24%