3501 Laurel Ln

Hazel Crest, IL 60429
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3 bd, 1 ba | 1,056 sqft | Built in 1968

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List Price
$155,000

Initial Investment

$38,584

Purchase Price

$140,000

Down Payment

25%

Rent

$1,990

Total Return

$22,098

Annualized Return

10.6%

Cap Rate

7.8%

Gross Yield

17.1%

Cash Flow

$2,415

Appreciation

1.2%
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Features

Occupancy

Occupied

Lease Start

01/01/2020

Lease End

12/31/2020

Lot Size

7,200

HOA

None

Flood Risk

Not Required

  • Property operates as a 4 bedroom 1.5 bathroom house, with additional bedroom and half bathroom (total 5 bedrooms, 2 bathrooms)
  • Well maintained property (less than $500 in CapEx)
  • Property currently has a 4bd Section 8 voucher, with 5 bd voucher rent increases to $2590 (window must be updated in 5th bd to qualify)

See more in Analysis

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Annual Financial Highlights

Expected Rent

$22,686

Expenses

-$6,560

Property Taxes

-$6,100

Loan Payments

-$7,611

Net Cash Flow

$2,415

See more in Financials

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