506 Saint Barbara Ln

Cahokia, IL 62206
image0

3 bd, 1 ba | 888 sqft | Built in 1958

slider image
slider image
slider image
For Sale

Exclusive

Favorite

List Price
$85,000

Initial Investment

$23,988
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$85,000

Down Payment

25%

Rent

$775

Total Return

$22,866

Annualized Return

14.0%

Cap Rate

5.5%

Gross Yield

10.9%

Cash Flow

-$483

Appreciation

5.5%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Occupied

Lease Start

04/01/2021

Lease End

03/31/2023

Lot Size

7,884

HOA

None

Flood Risk

Not Required

  • Seller has completed many repairs since the inspection in June 2022 - please see detailed invoices and repair information in the Diligence Documents under the Analysis tab
  • Four interior doors replaced and painted July 2022
  • New AC unit, new gutters, downspouts and kickers, and new sewer line installed
  • Tenants are responsible for electric, garbage, gas, water, and landscaping
  • Appliances belong to the tenant and are not included in the sale
  • The tenants trimmed the bushes/surroundings of the property, as it's the tenants responsibility for maintaining the landscaping per the lease agreement
  • 3-bed, 1-bath home

See more in Analysis

Have a question for us?

We’re happy to help!

Ask a Question

Annual Financial Highlights

Expected Rent

$8,835

Expenses

-$2,397

Property Taxes

-$2,300

Loan Payments

-$4,621

Net Cash Flow

-$483

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.

Similar Listings