Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Marshall Shen
  • Investor
  • Chicago, IL
5
Votes |
32
Posts

Deal Analysis for an Illinois single family property (7 of 30)

Marshall Shen
  • Investor
  • Chicago, IL
Posted

Hi there,

I'm doing a 30-day deal analysis challenge where I analyze one deal per day. This is my 7th day :)

I analyzed a deal in college town (Urbana, IL), and assume a reasonable rent, and it passed 1% rule.

Based on the asking price, I estimated it will generate a positive annual cash-on-cash return, assuming 20% downpayment. Has anyone have experience in rent-and-hold in college town market? Any touchas in those markets?


The detailed analysis can be found here: https://bit.ly/3eapF4l

Thank ahead for reviewing!

Most Popular Reply

User Stats

63
Posts
36
Votes
Quentin McNew
  • Real Estate Investor
  • Champaign, IL
36
Votes |
63
Posts
Quentin McNew
  • Real Estate Investor
  • Champaign, IL
Replied

@Marshall Shen I would be EXTREMELY careful of Champaign-Urbana campus housing. Out of town private equity and MASSIVE AMOUNTS of oversupply of apartments being built from incentives (opportunity zones, etc)........ instead of logical supply and demand reasons to build. City approves new builds if meets building requirements, zoning, etc, but they don't tell people how to run business. VACANCY INCREASING and PRICE DROPS seems inevitable here at this point, but the numbers and time will let us know for sure. Here is interesting article last year on Champaign, IL here. https://www.news-gazette.com/news/local/housing/tom-kacich-apartment-landlords-call-for-lower-tax-assessments-amid/article_b8b70990-e3b7-5f57-bd2b-a9a0689150a5.html

business profile image
Freedom Capital Partners LLC

Loading replies...