Suburbs, Chicago, IL – Impressive Cash on Cash Returns > 35% – Pending

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  • Price:
  • For: Sale
  • Bedrooms: 6
  • Bathrooms: 2

Property Description

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  • Additional Information
  • Additional Features
Neighborhood Grade: Sold
Property Type: Turnkey

Address - 3011 E 80th street, Chicago, IL 60617 (Duplex) Sale Price - 146K Estimated Down payment 25 percent = 35000 Estimated Monthly Loan payment = 462 for 30 year fixed Property Management - GC realty and Development  = 10% monthly of gross rent Actual Monthly Rent: $2450 (Annual $29,400) Estimated Total operating Expenses = 9372 includes Estimated Annual property tax, insurance, utilities,, Landscaping,, Snow removal if any, Repairs and Maintenance and Vacancy rate Estimated Net Operating Income =  $20,028 Estimated Mortgage payment = 462 (monthly) = 5544 annual Estimated Before Tax Cash Flow = 14484Estimated Cash on Cash Return = 14484/35000 = 41%

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