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$2,991 (target)

9023 S Cornell Ave, Chicago, IL 60617

3 beds • 2 baths • 904 sqft

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This property could be a profitable Mid-Term investment with a projected 16.18% first-year return on $56,871 initial cash invested.

16.18%

Cash On Cash

12.32%

Cap Rate

1.88

DSCR

$2,991

Rent

$767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,991 income − $2,224 expenses = $767 cash flow

Income$2,991Mortgage P&I$1,01334%Property Taxes$1375%Insurance$562%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$767

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,871

Downpayment

20%

$37,020

Closing costs

1%

$1,851

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,991

Total Expenses

$2,224

Mortgage P&I

34%

$1,013

Property Taxes

5%

$137

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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