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$1,994 (target)

9023 S Cornell Ave, Chicago, IL 60617

3 beds • 2 baths • 904 sqft

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This property might be a fair Long-Term investment with a projected 8.3% first-year return on $38,871 initial cash invested.

8.3%

Cash On Cash

8.96%

Cap Rate

1.36

DSCR

$1,994

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,994 income − $1,725 expenses = $269 cash flow

Income$1,994Mortgage P&I$1,01351%Property Taxes$1377%Insurance$563%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$269

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,871

Downpayment

20%

$37,020

Closing costs

1%

$1,851

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,994

Total Expenses

$1,725

Mortgage P&I

51%

$1,013

Property Taxes

7%

$137

Home Insurance

3%

$56

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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