TITLE:
Illinois Cashflow SFH & Condo
CONTROL:
Owner
VALUE:
$300,000
LOAN:
$178,000
EQUITY:
$122,000
TYPE:
Homes/Condos
HAVE:
2 Properties in Champaign, IL properties. SFH & Condo. SFH 4/1 and Condo 1/1. Condo has 3 rooms downstairs that can be bedrooms. SFH is month to month.
ADDRESS:
1912 Southwood Dr. & 7 Villard Court, Champaign, Illinois
BENEFITS TO NEW OWNER:
Cash Flow, Strong Rental, next to university
GROSS SCHEDULED INCOME:
$38,160 Actual
VACANCY LOSS:
$1,911
GROSS EFFECTIVE INCOME:
$36,249
EXPENSES:
$10,146
NOI:
$26,103
DEBT SERVICE:
$1,787
CASH FLOW:
$24,316
CAP RATE:
8.70%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$178,000
$1,787
7%
06/01/2044
No
BENEFITS SOUGHT:
Move up to a larger deal
CAN ADD:
Cash
REMARKS:
SFH value-add, tenant been in house since purchasing. Can provide Property Management
COUNSELOR:
Tommy Restivo
Silvercreek Realty Group
1099 S Wells St
Boise, , 83642
Phone: 5025994446
Email trestiv13@gmail.com
