20% Returns on Chicago Investment Property

[Isaac Taylor]

CHICAGO INVESTMENT PROPERTY OVERVIEW

• Market: Metro Chicago Area
• Listing Price: $110,500
• Rehab Estimate: $3,000
• Address: W 129th Pl., Chicago, IL 60628
• Beds / Baths / Sq Ft: 3 beds / 2 baths / 1,580 sqft
• Property Description: Solid brick home with large fenced yard, 2 car garage and space for additional parking. Walking distance to forest preserves, bike paths and Calumet River for great local outdoor recreation. 

FINANCIAL SUMMARY - Click for Detailed Breakdown

I assumed that an investor with purchase this property with 75% of the total investment financed at a 5% interest rate.

At Listing Price Purchase Price: $110,500 Rehab: $3,000 Closing Costs: $3,315 Total Investment: $116,815 Financed Amount: $87,611 Cash Investment: $29,204 Annual Revenue: $15,600 Annual Expenses: $8,876 Interest: $4,381 Net Income: $2,343 Annual Return: 8% Annual Appreciation: $1,860 Total Return Potential: 14%

At Recommended Price Purchase Price: $93,000 Rehab: $3,000 Closing Costs: $2,790 Total Investment: $98,790 Financed Amount: $74,092 Cash Investment: $24,698 Annual Revenue: $15,600 Annual Expenses: $8,876 Interest: $3,705 Net Income: $3,019 Annual Return: 12% Annual Appreciation: $1,860 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