Rent-Ready Chicago Investment Property with 20% Returns

[Isaac Taylor]

CHICAGO INVESTMENT PROPERTY OVERVIEW

• Market: Metro Chicago Area
• Listing Price: $119,000
• Rehab Estimate: $0
• Closing Costs: $2,970
• Address: Parnell Ave., Chicago, IL 60628
• Beds / Baths / Sq Ft: 4 beds / 3 baths / 1,500 sqft
• Property Description: Recently updated  pacious home with 2.5car garage. Master bedroom with large master bath. Updated kitchen with dark granite and black appliances. 

FINANCIAL SUMMARY - Click for Detailed Breakdown

At Listing Price Purchase Price: $119,000 Rehab: $0 Closing Costs: $3,570 Total Investment: $122,570 Financed Amount: $91,928 Cash Investment: $30,643 Annual Revenue: $15,900 Annual Expenses: $8,974 Interest: $4,596 Net Income: $2,330 Annual Return: 8% Annual Appreciation: $2,380 Total Return Potential: 15%

At Recommended Price Purchase Price: $99,000 Rehab: $0 Closing Costs: $2,970 Total Investment: $101,970 Financed Amount: $76,478 Cash Investment: $25,493 Annual Revenue: $15,900 Annual Expenses: $8,974 Interest: $3,824 Net Income: $3,102 Annual Return: 12% Annual Appreciation: $1,980 Total Return Potential: 20%

Want to Learn More About This Property?

• Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
• Income Potential: See what similar homes are renting for in this neighborhood
• Expense Expectations: See a detailed breakdown of key expenses like property taxes and insurance