14959 Terrace Ln

Midlothian, IL 60445
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2 bd, 1 ba | 845 sqft | Built in 1955

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List Price
$149,900

Initial Investment

$41,311

Purchase Price

$135,200

Down Payment

25%

Rent

$1,550

Total Return

$12,500

Annualized Return

5.9%

Cap Rate

7.2%

Gross Yield

13.8%

Cash Flow

$1,515

Appreciation

1.1%
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Features

Occupancy

Occupied

Lease Start

10/23/2020

Lease End

10/31/2021

Lot Size

6,750

HOA

None

Flood Risk

Not Required

  • New water heater, lighting, flooring, and ceiling fans throughout
  • New kitchen cabinets, countertops, backsplash, sink, and faucet
  • Updated bathroom, front porch and back deck painted in 2020, and new baseboard trim, interior bedroom and closet doors
  • 2-bed, 1-bath home
  • Seller will replace AC unit and furnace prior to closing with respectable offer

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$17,670

Expenses

-$4,605

Property Taxes

-$4,200

Loan Payments

-$7,350

Net Cash Flow

$1,515

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