$579,000
Investment Summary
- Monthly Cash Flow
- -$625
- Cap Rate
- 4.4%
- Cash-on-Cash Return
- -5.6%
- Debt Coverage Ratio
- 0.77
- Internal Rate of Return (5 years)
- -1.5%
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
Discover the Dream Home You've Been Searching For! Welcome to this stunning 3-bedroom, 2-bathroom ranch located in the highly sought-after Country Trails subdivision. This home offers a perfect blend of modern luxury and thoughtful upgrades, with extensive renovations throughout that elevate it to a new level of elegance and comfort. As you step inside, you'll be greeted by gorgeous hardwood Red Oak floors in the family room and kitchen, with refinished Red Oak floors throughout the living room, dining room, hallway, and office/bedroom. All of this is beautifully complemented by solid Oak hardwood trim, creating a warm and inviting atmosphere. Both bathrooms have undergone luxurious transformations. The guest bathroom has been completely renovated, featuring a Sydney jetted tub, Moen fixtures, a Bertch vanity with a quartz top, and a Toto toilet ready for a washlet. Additionally, it includes modern touches like a heater and an exhaust fan ducted through the roof. The master bathroom is equally impressive, showcasing a Bertch cabinet with Hansgrohe faucets, a quartz countertop, a Schlueter shower system, heated floors, a ceiling heater, and another Toto toilet ready for a washlet. The master shower even has a tunnel light, allowing natural light to pour in, making this bathroom a true retreat. The kitchen has been completely renovated to meet the needs of any chef. It features newly insulated exterior walls, premium plywood cabinetry with dovetail joints, a lifetime transferable warranty, and upgraded GE stainless steel appliances. The stunning granite countertops, 1,000-watt microwave vented through the roof, Lordear stainless sink, Moen faucet, soap dispenser, and under-cabinet lighting make this kitchen both functional and fabulous. This home is loaded with upgrades that make life easier and more comfortable. The large two-car garage offers extra space for storage and includes a new overhead door, track, and motor with internet connectivity. The interior of the garage has 5/8" drywall, is fully insulated, painted, and has five GFI protected outlets. The enclosed laundry area features a separate electrical circuit, GFI interrupters, and a laundry tub. The basement is equipped with a new hardwood stairway with Oak treads, LED lights, added outlets, a sink, and sliding escape windows. Recent improvements include a new sump pump system, installed in May 2023, with underground plumbing into the storm drain, a backup pump, battery maintainer, and check valve. For ultimate comfort and air quality, the HVAC system has been upgraded with a new AprilAire MERV 13-16 filtration system (filter replaced on January 1, 2025) and a Respicaire Oxy4 advanced ionic photo-catalytic oxidation air purifier, installed in February 2023. A new AC compressor and coil, installed in May 2023, come with a 10-year warranty. A Quadrafire gas stove/fireplace adds cozy warmth during the winter, complete with a convenient remote control. Step outside into the beautifully landscaped yard, where you'll find a fenced backyard with fresh sod, a 5x10-foot raised garden, and a large brick patio, perfect for entertaining. A Broil King natural gas BBQ is ready for grilling and outdoor gatherings. A new concrete slab has also been laid for a 10x12 storage shed, offering plenty of space for your belongings. The front yard features a custom water feature, a new walkway, and a resodded lawn. Located in an excellent school district, this home is just a stone's throw away from parks, libraries, and the popular Gurnee Mills Shopping Center, combining convenience with a peaceful setting. This beautifully upgraded home offers the perfect balance of modern features and serene living. Don't miss the opportunity to make it yours. BRING YOUR OFFERS!
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Location
Property Details
Parking
- Description: Garage
- Details: Asphalt, Garage Door Opener, On Site, Attached, Garage
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
- Basement: Yes
- Basement Description: Unfinished, Concrete, Partial
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood Siding
- Foundation: Concrete Perimeter
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0726205063
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1979
Tax Information
- Annual Tax: $6,908
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Coal
- Cooling: Central Air
Location
- County: Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$625
- Cap Rate
- 4.4%
- Cash-on-Cash Return
- -5.6%
- Debt Coverage Ratio
- 0.77
- Internal Rate of Return (5 years)
- -1.5%
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:
| $579,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$463,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $115,800 |
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:
| $17,370 |
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:
| $133,170 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,760 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $329 |
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:
| $2.22 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $463,200 |
|---|---|
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:
| $2,740 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $576 |
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:
| $273 |
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:
| $3,589 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 15% | -$576 | -$6,908 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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 | 40% | -$1,551 | -$18,608 |
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:
| $2,115 | $25,380 |
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. | -$2,740 | -$32,880 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $625 | $7,500 |