$725,000
Investment Summary
- Monthly Cash Flow
- -$2,156
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -11.0%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Check out this 5 bedroom-4 FULL Bathroom Home just Blocks to Downtown Lombard with a 4 Car HEATED Garage,FULLY Fenced Yard,Hardwood Floors, Pella Windows & Doors,Built Ins,Bonus Storage Spaces & an OVERSIZED Lot! 4865 Total Square Feet+880 Square Feet in the 4 Car Heated Garage. Plenty of Living & Storage Space & room to grow here! Timeless architectural details thoughtfully blended with fresh & modern updates.Formal Living space has Hardwood Floors,9 Foot Ceilings,Crown Molding,Brick Surround Gas Log Fireplace,East & West Facing windows with Classic Plantation Shutters.Kitchen complete with Granite Counter Tops,Stainless Steel Appliances,Recessed Lighting,Tall Cherry Cabinetry thoughtfully designed to keep everything within reach & organized.Built in Hutch with glass display cabinets perfect for additional storage & serving meals.Pantry Closet too! Dining Room right off kitchen makes entertaining easy & has space for your Large Table & Sideboard.Dining Room has Elegant Chandelier, French Doors, Crown Molding & 9 Foot Ceilings.Large Breakfast Nook serves as second eating & gathering space complete with Built Ins & Sliding Glass doors leading to your backyard oasis.Private Light & Bright Den currently being used as an office but could be additional private living space with built ins,Wall Sconces & 3 Walls of Windows-great space for morning coffee! Down the hall you will find the 1st Full Bathroom complete with Pedestal Sink,Built ins, Tub & Shower. Large & organized mudroom to serve as a transition space with designated areas for sitting,shoes & coats. Bring your OVERSIZED Furniture & MEGA Bed to this MAIN FLOOR PRIMARY Bedroom Suite-Complete with Hardwood Floors,Crown Molding,Ceiling Fan,Sitting Area & Light & Bright Private Full Bathroom with Cherry Cabinets, WALK IN Shower, Linen Closet & Large Double Sink Vanity making your morning routine a breeze.Don't forget to check out the GIANT Closet with Custom Shelving to keep everything organized.Upstairs you will find 3 more bedrooms each with hardwood floors,Ceiling Fans & Large Bonus closet spaces.Hallway Bathroom complete with long vanity,built ins & linen closet for additional storage. While you are upstairs be sure to Check out the Bonus Hallway Storage Closet in addition to the Cedar Lined Closet & additional Storage Area! Fully Finished Basement with 3rd Living Space has Gas Log Fireplace, Built ins, Luxury Vinyl Flooring -Oversized 5th Bedroom currently used as game & toy room.Large Executive Office with Built in Oak Desk,Bookcases, Cabinetry & Drawers-keeps everything organized-great for homework/study or work from home space-4th FULL Bathroom with Walk in Shower!Bonus Storage Space & a Large Storage Room. Lower Level has private entrance making for a great extended family in law living arrangement.Laundry Room complete with LG Washer & Dryer, Wall Full of Storage Cabinets & Shelves, Wash Sink & plenty of space & room for folding, organizing, & hanging clothes. Outside you will find unilock paver brick patio & walk way, 30" Built in Grill with dedicated gas line makes for hassle free grilling,Fully Fenced yard & an OVERSIZED Lot (120'X253').200 Amp Electric Panel- Complete Tear off Roof on House (2014) & Garage (2014) with upgraded GAF Timberline HD Shingles. Carrier Furnace (2022),AC (2023), GENERAC HOUSE GENERATOR & Radon Mitigation system for peace of mind.Blocks to Downtown Lombard, Paradise Bay Water Park,& The Great Western Trail. Enjoy Lilacia Park, Helen Plum Library,Historical Landmark Dairy Queen,Farmer's Market, Prairie Path,Metra Union Pacific West Line,Medical Offices,Pharmacy,Post Office & Hardware Store.Walk to Pleasant Lane Elementary School & Parks. Enjoy close proximity to downtown Lombard in addition to Downtown Glen Ellyn,Downtown Villa Park & Oakbrook for additional Dining, Shopping, & Entertainment options. Minutes to 355,290,88,&294 expressways makes this hidden gem exactly where you want to be.This home is all ready for you.Take a look today!
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Location
Property Details
Parking
- Description: Detached Garage
- Details: Concrete, Heated Garage, Tandem, On Site, Detached, Garage
- Garage Spaces: 4
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 10
- # of Stories: 1
- Basement: Yes
- Basement Description: Sump Pump, Finished, Storage Space, Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Foundation: Concrete Perimeter
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential (Assumed)
Lot Information
- Parcel ID: 0605307007
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1926
Tax Information
- Annual Tax: $14,510
Utilities
- Water & Sewer: Public
- Heating: Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Du Page
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,156
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -11.0%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $725,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$580,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $145,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $21,750 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $166,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,990 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $242 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.20 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $580,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $3,431 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,209 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $252 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $4,892 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 34% | -$1,209 | -$14,510 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$252 | -$3,024 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$288 | -$3,456 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$180 | -$2,160 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$180 | -$2,160 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 59% | -$2,109 | -$25,310 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,275 | $15,300 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$3,431 | -$41,172 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,156 | $25,872 |