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$2,967 (target)

6941 S Michigan Ave, Chicago, IL 60637

3 beds • 3 baths • 1173 sqft

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This property could be a profitable Mid-Term investment with a projected 61.37% first-year return on $30,600 initial cash invested.

61.37%

Cash On Cash

39.78%

Cap Rate

6.52

DSCR

$2,967

Rent

$1,565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,967 income − $1,402 expenses = $1,565 cash flow

Income$2,967Mortgage P&I$30510%Property Taxes$672%Insurance$211%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%Cash Flow$1,565

Investment Breakdown

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Purchase Price

$60,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,600

Downpayment

20%

$12,000

Closing costs

1%

$600

Rehab

0%

$0

Furnishing

30%

$18,000

Cashflow

Total Income

$2,967

Total Expenses

$1,402

Mortgage P&I

10%

$305

Property Taxes

2%

$67

Home Insurance

1%

$21

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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