848 W Terrace Dr

Glenwood, IL 60425
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3 bd, 1 ba | 1,184 sqft | Built in 1963

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For Sale

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List Price
$160,000

Initial Investment

$44,260
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$160,000

Down Payment

25%

Rent

$1,782

Total Return

$18,272

Annualized Return

6.7%

Cap Rate

4.5%

Gross Yield

13.4%

Cash Flow

-$2,242

Appreciation

3.5%
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Features
Roofstock Certified

Occupancy

Occupied

Lease Start

06/01/2019

Lease End

09/30/2023

Lot Size

6,900

HOA

None

Flood Risk

Not Required

  • 4th bedroom and 2nd bathroom in the basement
  • Lease renewed through 9/30/2023 and monthly rent will increase from $1650 to $1782 on 10/1/22
  • Quiet, residential neighborhood with tree-lined streets
  • Inspection report available under the "Analysis" tab

See more in Analysis

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Annual Financial Highlights

Expected Rent

$20,315

Expenses

-$5,258

Property Taxes

-$8,600

Loan Payments

-$8,698

Net Cash Flow

-$2,242

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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