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$299,900

Under Contract
640 Schumann St, Woodstock, IL 60098
3 Beds
3 Baths
1,905 Square Feet
0.00 Acres Lot
Built in 2007
Under Contract
Units n/a
Checked: 2 hours ago
Updated: Jul 12, 2025 at 04:08AM

Investment Summary


Monthly Cash Flow
-$630
Cap Rate
3.2%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.6%

Property Description


0.00 Acres Lot
Built in 2007
Under Contract
Units n/a

Welcome Home! Discover the rare luxury of dual primary suites in this beautifully updated ranch-style gem, just steps from the clubhouse and all its amenities. This unique feature, one spacious primary suite on the main floor and another upstairs-offers unmatched flexibility for multi-generational living, guests, or ultimate privacy. Enjoy effortless, maintenance-free living in this spacious 3-bedroom, 2.5-bath home designed for comfort and convenience. The inviting open-concept layout seamlessly connects the living room, dining area, and kitchen, making it perfect for both relaxing and entertaining. Soaring vaulted ceilings, a cozy fireplace, and expansive windows flood the living space with natural light, creating a warm and welcoming atmosphere. The newly renovated kitchen is a chef's dream, featuring stylish cabinetry, stainless steel appliances, a coffee and breakfast bar, and a generous pantry for all your storage needs. Both primary suites offer full bathrooms and walk-in closets, while the second bedroom is also generously sized with ample closet space. Daily chores are a breeze with a dedicated laundry room, complete with extra shelving and storage. Additional highlights include a 2-car garage with pull-down attic access, and a charming partially fenced patio by the front door-perfect for enjoying your morning coffee with a view of the clubhouse. Resort-style amenities are right across the street: fitness center, library, fireside lounge, event space, pool table, and a heated outdoor pool with whirlpool. Plus, you're just minutes from playgrounds, parks, schools, and local government offices. Best of all, forget about yard work and exterior maintenance-the association takes care of landscaping, snow removal, and more, so you can focus on what matters most. A detailed features sheet is attached for your convenience. Don't miss your chance to own this exceptional, one-of-a-kind home! Schedule your tour today and experience the best in carefree living.

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Location


Property Details


Parking

  • Description: Garage
  • Details: On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement Description: None

HOA

  • Has HOA: Yes
  • HOA Fee: $407/monthly

Land Information

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

Lot Information

  • Parcel ID: 0829482023
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2007

Tax Information

  • Annual Tax: $6,352

Utilities

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

Location

  • County: Mc Henry

Listing Details


Listed by:
Catherine Giordano
Real Broker, LLC
(503) 567-0635

Source:
Midwest Real Estate Data (MRED)
MLS#: 12315741
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$630
Cap Rate
3.2%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.6%

Purchase Details

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Purchase price:
$299,900
Amount financed:
-$239,920
Down payment:
$59,980
Closing costs:
$8,997
Rehab costs:
$0
Initial cash invested:
$68,977
Square feet:
1,905
Cost per square foot:
$157
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$239,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,419
Property tax:
$529
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,123

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$529-$6,352
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (16%)
16%-$407-$4,884
Total operating expenses: (62%)
62%-$1,561-$18,736

Cash Flow


Monthly Yearly
Net operating income:
$789 $9,468
Mortgage payments:
-$1,419 -$17,028
Cash flow:
$630 $7,560