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Updated almost 8 years ago, 01/26/2017

User Stats

66
Posts
11
Votes
Isaac Taylor
  • Investor
  • Detroit, MI
11
Votes |
66
Posts

18%+ Returns on Chicago Property

Isaac Taylor
  • Investor
  • Detroit, MI
Posted

CHICAGO INVESTMENT PROPERTY OVERVIEW

  • Market: Metro Chicago Area
  • Listing Price: $80,000Chicago Investment property
  • Rehab Estimate: $3,000
  • Address: S Wentworth Ave, Chicago, IL
  • Beds / Baths / Sq Ft: 4 beds / 2 bath / 1,854 sq ft
  • Property Description:A home with lots of potential! This home was rehabbed almost 9 years ago. 4 bedrooms, 2 baths, family room on second floor as well as a basement. Open concept on the first floor. This home includes an enclosed back porch with a deck and the owner will include the lot next door. This property is a short sale.

FINANCIAL SUMMARY - Click for a Detailed Breakdown

At Listing Price
  • Purchase Price: $80,000
  • Rehab: $3,000
  • Closing Costs: $2,400
  • Total Investment: $85,400
  • Financed Amount: $64,000
  • Cash Investment: $21,400
  • Annual Revenue: $15,600
  • Annual Expenses: $9,277
  • Interest: $3,200
  • Net Income: $3,123
  • Annual Return: 15%
  • Annual Appreciation: $800
  • Total Return Potential: 18%
At Recommended Price
  • Purchase Price: $73,000
  • Rehab: $3,000
  • Closing Costs: $2,190
  • Total Investment: $78,190
  • Financed Amount: $58,400
  • Cash Investment: $19,790
  • Annual Revenue: $15,600
  • Annual Expenses: $9,277
  • Interest: $2,920
  • Net Income: $3,403
  • Annual Return: 17%
  • Annual Appreciation: $800
  • Total Return Potential: 21%

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
Offering