$69,900
Investment Summary
- Monthly Cash Flow
- $947
- Cap Rate
- 16.3%
- Cash-on-Cash Return
- 15.8%
- Debt Coverage Ratio
- n/a
- Internal Rate of Return (5 years)
- 19.4%
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
Bona fide country feel and peacefulness on a quiet corner lot, yet tucked conveniently right in town. Located a short walk from Foster Township Park but with easy access to IL-255. Easy one level living with main floor laundry. Spacious kitchen features good layout with cook-top island, Frigidaire Gallery built-in wall oven/microwave, and custom rustic-style cabinetry. Water heater installed 2018, many new windows installed 2018, kitchen appliances (stainless wall oven/microwave, electric cook-top, and dishwasher) installed 2018, 3-ton AC condenser and evaporator coil installed 2019, septic baffle/pipe replaced 2019, sliding glass deck door replaced 2020, clothes washer/dryer new 2020, smart wifi thermostat installed 2021, plumbing upgraded 2024 (re-piping/drains/vents). Several outbuildings offer plenty of storage. Deep backyard is already prepared for your gardening. Good-sized rural-esque lot but not too much to maintain. Home warranty protection plan (supreme coverage option) offered by Seller. Come take a look! Property boasts lots of potential but is in need of some TLC/renovation. Listing agent has ownership interest. Sale to be in as-is condition with Seller not liable to make any repairs/modifications. All personal property items located on property at time of Closing to be included in sale in as-is condition, with no warranties of any kind. Green storage outbuilding to be excluded from sale.
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Location
Property Details
Parking
- Description: Detached
- Details: Additional Parking, Detached
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Total): 1.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Basement: Yes
- Basement Description: Crawl Space, Partial, Sump Pump, Unfinished
Exterior Features
- Exterior Walls Materials: Vinyl siding
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 202021403301013
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1945
Tax Information
- Annual Tax: $1,888
Utilities
- Water & Sewer: Public
- Heating: Forced Air, Natural Gas
- Cooling: Central Air, Electric
Location
- County: Madison
Listing Details
Investment Summary
- Monthly Cash Flow
- $947
- Cap Rate
- 16.3%
- Cash-on-Cash Return
- 15.8%
- Debt Coverage Ratio
- n/a
- Internal Rate of Return (5 years)
- 19.4%
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:
| $69,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| $0 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $69,900 |
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:
| $2,097 |
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:
| $71,997 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,709 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $41 |
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:
| $0.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $0 |
|---|
Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.
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:
| $1,600 | $19,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$96 | -$1,152 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,504 | $18,048 |
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. | 10% | -$157 | -$1,888 |
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% | -$112 | -$1,344 |
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% | -$128 | -$1,536 |
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% | -$80 | -$960 |
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% | -$80 | -$960 |
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 | 35% | -$557 | -$6,688 |
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:
| $947 | $11,364 |
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. | $0 | $0 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $947 | $11,364 |