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2830 East 77th Place Chicago, IL 60649

9 Beds 6 Baths 3,930 sqft Built 2010 3 Units

INVESTimate

$350,000

List Price

$3,400

$3,150 - $3,650

Rent Est.

$348,915  ( -0.31%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
3 Units MULTIFAMILY
YES TENANTED
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $89.06
  • 6 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 9
  • Floor Size : 3,930 sqft
  • Baths : 6 full
Listing Agent

Tobin

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Shore

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $94k279k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Shore

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q21000110012001300140015001600Rent in $9021663

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Okeeffe Elementary School Primary Regular 656 31 1
Okeeffe Elementary School Middle Regular 656 31 1
Chicago Vocational Career Academy High School High Regular 940 73 2

Okeeffe Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 31
1
GreatSchools Rating

Okeeffe Elementary School

  • Education Level: Middle
  • # of students: 656
  • # of teachers: 31
1
GreatSchools Rating

Chicago Vocational Career Academy High School

  • Education Level: High
  • # of students: 940
  • # of teachers: 73
2
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$1,291
Property Tax -$458
Property Insurance -$115
HOA -$155
Property Management Fees -$272
CASH FLOW
$1,108

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$350,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.97%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.91%
Appreciation Year (1-5) -0.31%
Maintenance Year (1-5) 8.00%
Vacancy 5.97%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

16.5

YEARS SAVED

$113,488

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy