523 N Drake Ave, Chicago, IL 60624

	B	C	D	E	F	G	H	I	J	K	L
1					Property Area:
2					MLS Area Code	8023
3					Community Area	Humboldt Park
4					Area Investment Grade	B
5	Property Information				Property Analysis		BR	Current Rents		Proforma Rents
6					Gross Annual Operating Income	$73,656.00		Unit 1	$2,100
7	Asking Price		$699,000.00		Gross Annual Operating Expenses	$26,210.07		Unit 2	$2,100
8	Renovations*				Net Operating Income	$47,445.93		Unit 3	$2,400
9	Number of Units		3		Annual Loan Payments	$39,763.40		Unit 4
10	Down Payment	25.0%	$174,750		DSCR (Debt Service Coverage Ratio)	1.19		Unit 5
11	Closing Costs	2%	$13,980		Capitalization Rate	6.79%		Unit 6
12	Total Initial Investment		$188,733.00		Monthly Cash Flow	$ 640.21		Unit 7
13	Monthly Income				Annual Cash Flow	$7,682.53		Unit 8
14	Rental Income $	Current	$6,600.00		GRM	8.8		Unit 9
15	Other Income				Exp. Ratio	35.58%		Unit 10
16	Vacancy Rate	7%	$462.00		Principle Reduction In First Year	$5,859.68		Unit 11
17	Gross Operating Monthly Income		$6,138.00		Appreciation in First Year	$20,970.00		Unit 12
18	Monthly Expenses (if applicable)				Return on Investment - Year 1				$6,600		$0
19	Landlord Paid Utilites		$240.00		Cash on Cash Return	4.07%		#DIV/0!
20	HOA Dues				Principal Reduction	7.18%
21	PMI				Appreciation	15.18%
22	Annual Operating Expenses				Total Return On Investment	18.29%
23	Property Taxes		$13,755.57	1.50%	Financial Details
24	Insurance		$2,446.50	0.35%	Loan Amount	$524,250.00
25	Annual CapEx Budget	4.5%	$3,564.00		Loan Points	0.00%
26	Maintanance Budget	4.5%	$3,564.00		Amortization	30
27	Property Management	0%	$0.00		Interest Rate	6.50%
28	Total Annual Expenses		$26,210.07		Annual Appreciation Rate	3.00%
29	Monthly Expenses		$2,184.17
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