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$4,597 (target)

2324 W McLean Ave, Chicago, IL 60647

3 beds • 4 baths • 0 sqft

$1,518,000

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This property looks like a bad Long-Term investment with a projected -23.76% first-year return on $319k initial cash invested.

-23.76%

Cash On Cash

1.29%

Cap Rate

0.21

DSCR

$4,597

Rent

-$6,311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,597 income − $10,908 expenses = $6,311 out of pocket

Income$4,597Out of Pocket$6,311Mortgage P&I$7,708168%Property Taxes$1,47932%Insurance$52511%Management$46010%CapEx$2305%Vacancy$2766%Maintenance$2305%

Investment Breakdown

|

Purchase Price

$1518k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$319k

Downpayment

20%

$304k

Closing costs

1%

$15,180

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,597

Total Expenses

$10,908

Mortgage P&I

168%

$7,708

Property Taxes

32%

$1,479

Home Insurance

11%

$525

HOA

0%

$0

Property Management

10%

$460

CapEx

5%

$230

Vacancy

6%

$276

Maintenance

5%

$230

Other

0%

$0

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