742 W. 117th Chicago, IL

Status: AVAILABLE

Property Details

  • $75,000 Sale Price
  • Single Family Home
  • 3 Bedroom
  • 1 Bathroom
  • Occupied by Tenant

Description:


Nice house with newer siding and rented to a great section 8 tenant. Gleaming hardwood floors in living and dining room. 3 year warranty on roof/furnace/hotwater tank.

Your Chicago section 8 investment awaits.

Estimated Financial Information:

Annual Totals

  • Total Rent:

    $16,800.00
  • Total Expenses:

    -$9,762.45
  • Net Profit (No Loan):

    $11,354.31
  • Return Rate (No Loan):

    15.14%
  • Net Profit (80% Loan):

    $7,037.55
  • Return Rate (80% Loan):

    46.92%

* Profit and ROI amounts are estimates

Annual Expenses

  • Taxes:

    -$1,015.69
  • Insurance:

    -$900.00
  • Water:

    -$650.00
  • Management Fee:

    -$1,680.00
  • Repairs:

    -$1,200.00
  • 80% Loan:

    -$4,316.76

* Expenses displayed are estimates

Purchase Assumptions

  • Cost Basis:

    $75,000
  • 80% Loan to Cost:

    $60,000
  • 20% Down Payment:

    $15,000
  • Interest Rate:

    6.00%
  • Term:

    30 years
  • Loan Payment/Mo.:

    $359.73

* Loan rates and terms are sample amounts

Inquire About this Property

Interested in becoming an investor? Contact us and our team will quickly get back to you.

Please provide a name.
Please provide a valid email address.
Please provide a message for our team.

Disclaimer

Important information for potential investors. Please read this!

* Investors should have a reserve for maintenance and potential vacancy for any investment property. Repairs and tenant vacancies are variable cost factors that can change and impact yields over time. Estimated returns and cash flow do take into account these expenses but it is only an estimate, the expense could be greater or less.

All properties sold by Manage Chicago have a marketable title and are clear of all encumbrances (e.g. court-attachments, adverse claims, liens, disputed ownership, pending judgements, etc). Property taxes, fees and rent will be prorated to the buyer based on the date of purchase and according to the proration procedures for Cook County/Chicago. These taxes and other related bills, utilities, fees associated with the property will be the responsibility of the buyer.

Buyers should determine the condition of any property via an inspection prior to making a purchase. Manage Chicago will do its best to keep property descriptions and information up to date and accurate. However, displayed pictures of the property may not be completely current and may not accurately portray the property condition at any future time. All buyers should rely on their own information, inspections, and judgement when deciding to purchase a property.

Buyer acknowledges that he/she has carried out the due diligence necessary to purchase the property.