Multi: S. Vernon

Value: $185,000
Gross Rent: $2,450
Est ROI: 14.45%

Status Avail. In 30 Days
Rehab Active
Property Type 2 Units
Bed / Bath 8/2
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
$210000
$210000
Purchase Price
$195000
$195000
Initial Equity
$15000
$15000
Down Payment
25%
100%
Amount Financed
$146250
$0
Down Payment Amount
$48750
$195000
Closing Costs & Fees
$5850
$3500
Total Cash Investment
$54600
$198500
Interest Rate (30 yr Fixed)
5%
5%
Debt Service (P&I) Monthly
$786
$0
Debt Service (P&I) Yearly
$9422
$0
Monthly Rent (GSI)
$2450
$2450
Annual Property Tax
$3775
$3775
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)
$29400
$29400
Less Vacancy Amount
$1176
$1176
Gross Operating Income (GOI)
$28224
$28224
Annual Operating Expenses
Property Management
$2258
$2258
Annual Property Taxes
$3775
$3775
Annual Utilities
$1620
$1620
Annual Landscaping
$960
$960
Annual Insurance Premium
$1300
$1300
Repairs & Maintenance
$1411.2
$1411.2
Total Operating Expenses
$11324.2
$11324.2
Net Operating Income
$16899.8
$16899.8
Less Debt Service
$9422
$0
Before-Tax Cash Flow (BTCF)
$7477.8
$16899.8
Cash-On-Cash ROI
13.7%
8.51%