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$3,003 (target)

8852 S Michigan Ave, Chicago, IL 60619

3 beds • 2 baths • 4890 sqft

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This property could be a profitable Mid-Term investment with a projected 27.9% first-year return on $46,539 initial cash invested.

27.9%

Cash On Cash

16.71%

Cap Rate

2.74

DSCR

$3,003

Rent

$1,082

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,003 income − $1,921 expenses = $1,082 cash flow

Income$3,003Mortgage P&I$69023%Property Taxes$1766%Insurance$351%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$1,082

Investment Breakdown

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Purchase Price

$136k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,539

Downpayment

20%

$27,180

Closing costs

1%

$1,359

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$3,003

Total Expenses

$1,921

Mortgage P&I

23%

$690

Property Taxes

6%

$176

Home Insurance

1%

$35

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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