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$165,000

Under Contract
16521 Wood St, Markham, IL 60428
3 Beds
1 Bath
952 Square Feet
0.00 Acres Lot
Built in 1958
Under Contract
Units n/a
Checked: 11 hours ago
Updated: May 09, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
$268
Cap Rate
8.2%
Cash-on-Cash Return
8.5%
Debt Coverage Ratio
1.31
Internal Rate of Return (5 years)
12.3%

Property Description


0.00 Acres Lot
Built in 1958
Under Contract
Units n/a

Nicely remodeled 3BR/1BA in Markham. This home features updated kitchen with new cabinets, quartz countertop, stainless steel appliances and quartz backsplash. The bathroom has new vanity, tub and fixtures with new modern tile design. New LVP flooring throughout. Freshly painted in neutral color. And new furnace and A/C. 2 car detached garage. Shows well, will not disappoint.

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2919420008
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1958

Tax Information

  • Annual Tax: $4,628

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Michael Tassone
DNV Solutions LLC
(312) 446-8713

Source:
Midwest Real Estate Data (MRED)
MLS#: 12319385
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$268
Cap Rate
8.2%
Cash-on-Cash Return
8.5%
Debt Coverage Ratio
1.31
Internal Rate of Return (5 years)
12.3%

Purchase Details

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Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
952
Cost per square foot:
$173
Monthly rent per square foot:
$2.31

Financing Details

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Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$864
Property tax:
$386
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,404

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$386-$4,628
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$936-$11,228

Cash Flow


Monthly Yearly
Net operating income:
$1,132 $13,584
Mortgage payments:
-$864 -$10,368
Cash flow:
$268 $3,216