51 E Carroll Dr

Decatur, IL 62521
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3 bd, 2 ba | 900 sqft | Built in 1955

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List Price
$68,000

Initial Investment

$17,985

Purchase Price

$66,000

Down Payment

25%

Rent

$820

Total Return

$15,243

Annualized Return

14.3%

Cap Rate

7.8%

Gross Yield

14.9%

Cash Flow

$1,016

Appreciation

2.7%
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Features

Occupancy

Occupied

Lease Start

05/01/2019

Lease End

04/30/2020

Lot Size

6,786

HOA

None

Flood Risk

Not Required

  • Seller completed all capital expenditure repairs noted on inspection report
  • Fully finished basement makes for over 1,500sf total
  • Original hardwood floors in good condition & new architectural style shingles installed in 2017
  • Long term tenants with a great payment history
  • Pet fee included in monthly rent of $25.00

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Annual Financial Highlights

Expected Rent

$9,348

Expenses

-$2,844

Property Taxes

-$1,900

Loan Payments

-$3,588

Net Cash Flow

$1,016

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