2045 Monday Dr Elgin, IL 60123
4bd, 2ba | 1,900sqft | Built in 1980
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Initial Investment
$211,628
List Price: $208,500
Purchase Price
$208,500
Down Payment
100%
Rent
$1,800

Total Return
$55,434
Annualized Return
5.1%
Cap Rate
4.4%
Gross Yield
10.4%
Cash Flow
$8,278
Appreciation
2.0%
Features
Occupancy
Month To Month
Lease Start
06/01/2016 
Lease End
M/M
Lot Size
9,000 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$20,520
Expenses
-$4,842
Property Taxes
-$7,400
Loan Payments
$0

Net Cash Flow
$8,278
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

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

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