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Property Area:
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MLS Area Code8046
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Community Area South Chicago
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Area Investment Grade C
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Property InformationProperty AnalysisBRCurrent RentsProforma Rents
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Gross Annual Operating Income
$57,240.00Unit 1$1,400
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Asking Price$365,000.00
Gross Annual Operating Expenses
$16,252.00Unit 2$1,400
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Renovations*Net Operating Income$40,988.00Unit 3$1,250
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Number of Units4Annual Loan Payments$20,763.43Unit 4$1,250
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Down Payment
25.0%$91,250
DSCR (Debt Service Coverage Ratio)
1.97Unit 5
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Closing Costs2%$7,300Capitalization Rate11.23%Unit 6
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Total Initial Investment$98,554.00Monthly Cash Flow $ 1,685.38 Unit 7
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Monthly IncomeAnnual Cash Flow$20,224.57Unit 8
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Rental Income $
Proforma$5,300.00GRM5.7Unit 9
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Other IncomeExp. Ratio28.39%Unit 10
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Vacancy Rate10%$530.00
Principle Reduction In First Year
$3,059.77Unit 11
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Gross Operating Monthly Income$4,770.00Appreciation in First Year$5,475.00Unit 12
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Monthly Expenses (if applicable)Return on Investment - Year 1$0$5,300
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Landlord Paid Utilites$320.00
Cash on Cash Return
20.52%
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HOA DuesPrincipal Reduction23.63%
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PMIAppreciation26.08%
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Annual Operating Expenses
Total Return On Investment
29.18%
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Property Taxes$2,955.001.50%Financial Details
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Insurance$1,825.000.50%Loan Amount$273,750.00
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Annual CapEx Budget
6.0%$3,816.00Loan Points0.00%
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Maintanance Budget
6.0%$3,816.00Amortization30
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Property Management
0%$0.00Interest Rate6.50%
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Total Annual Expenses$16,252.00Annual Appreciation Rate1.50%
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Monthly Expenses
$1,354.33
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