808 Mackinaw Ave
Calumet City, IL 60409
List Price
$165,000
Initial Investment
$49,660Purchase Price
$169,000
Down Payment
25%
Rent
$2,000
Total Return
$58,888
Annualized Return
19.2%
Cap Rate
8.6%
Gross Yield
14.2%
Cash Flow
$4,385
Appreciation
4.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Month To Month
Lease Start
12/01/2020
Lease End
M/M
Property Type
Duplex
Lot Size
193
HOA
None
Flood Risk
Not Required
- This property is being sold in its current condition. All condition details can be found in the inspection report under the "Analysis" tab
- Calumet City will require permits for any electrical repairs listed on the municipal inspection report as well as certifications for the roof and furnace. Please see "Inspection Report 8" and "Inspection Report 9" files under the Analysis tab for more details
- Both units are occupied, unit F tenant is section 8
- PM is in the process of renewing the lease for the rear unit; both units are currently month-to-month
- Minutes from Lincoln Elementary and Thornton Fractional North High Schools
See more in Analysis
Annual Financial Highlights
Expected Rent
$22,800Expenses
-$6,027Property Taxes
-$3,200Loan Payments
-$9,188Net Cash Flow
$4,385See more in Financials
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