1304 Morningstar Ct

Naperville, IL 60564
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4 bd, 2.5 ba | 2,021 sqft | Built in 1983

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For Sale

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List Price
$400,000

Initial Investment

$111,695
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$400,000

Down Payment

25%

Rent

$2,800

Total Return

$55,799

Annualized Return

7.8%

Cap Rate

4.1%

Gross Yield

8.4%

Cash Flow

-$6,510

Appreciation

4.2%
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Features

Occupancy

Occupied

Lease Start

11/06/2021

Lease End

04/30/2023

Lot Size

10,667

HOA

None

Flood Risk

Not Required

  • Large lot friendly to families renting, with a nice backyard and back patio perfect for relaxing and entertaining
  • Seller has done over $30k in upgrades over the last 3 years - $15k for hardwood floors upstairs, $12k to finish the basement (drywall, electric, painting and flooring), $5k for full fenced in yard. One bathroom has been redone; 2 others are dated but functional
  • New roof, siding, gutters, window slides, and outside lighting
  • Appliances included: Fridge, oven, dishwasher, and washer/dryer
  • Will bring solid rent performance and equity growth for the right investor
  • Naperville is the fifth largest city in Illinois and only a short train ride away from Chicago. It is known for its family-friendly atmosphere, high quality schools, and recreational opportunities
  • 10-minute drive to popular attractions such as the Naperville Riverwalk and Centennial Beach

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Annual Financial Highlights

Expected Rent

$31,920

Expenses

-$7,284

Property Taxes

-$9,400

Loan Payments

-$21,746

Net Cash Flow

-$6,510

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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