22012 Millard Ave

Richton Park, IL 60471
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3 bd, 1 ba | 1,344 sqft | Built in 1952

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For Sale

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List Price
$225,000

Initial Investment

$61,313
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$225,000

Down Payment

25%

Rent

$2,213

Total Return

$72,373

Annualized Return

16.1%

Cap Rate

4.7%

Gross Yield

11.8%

Cash Flow

-$2,612

Appreciation

6.7%
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Features

Occupancy

Month To Month

Lease Start

04/01/2018

Lease End

M/M

Lot Size

10,620

HOA

None

Flood Risk

Not Required

  • 3-bed, 1-bath home
  • Month-to-month lease
  • Quiet, residential street

See more in Analysis

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Annual Financial Highlights

Expected Rent

$25,228

Expenses

-$6,208

Property Taxes

-$9,400

Loan Payments

-$12,232

Net Cash Flow

-$2,612

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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