112 Cora Ct, Thornton IL 60476

112 Cora Ct, Thornton, IL 60476

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1963, Size: 1113 SF

Investment strategy: Fix and Flip

Maximum Allowable Offer$ 157,680

Rehab Estimate$ 25,000

Project Profit$ 38,000

After Repair Value$ 240,000

Investment Summary

After Repair Value	$ 240,000
Project Profit	$ 38,000
70% Rule 70% Rule Widely accepted ratio among rehabbers used as a barometer for purchasing a rehab property: Purchase price with repair costs should not exceed 70% of ARV. 70% Rule Widely accepted ratio among rehabbers used as a barometer for purchasing a rehab property: Purchase price with repair costs should not exceed 70% of ARV.	76.12 %
Return on Investment	19.99 %
Project Term	4 months

Financial Breakdown

Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 190,100
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 190,100

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 157,680
Buying Costs	$ 4,000
Total	$ 161,680

Repair Costs
Repair Costs Lump Sum	$ 25,000
Total	$ 25,000

Holding Costs
Monthly Holding Costs	$ 855
Total Months Held	4
Total	$ 3,420

Selling Costs
Commissions (3.5%)	$ 8,400
Selling Costs	$ 3,500
Total	$ 11,900

Exciting opportunity! This brick Ranch offers 3 bedrooms, a 2-car detached garage and a full basement that can be finished for added living space. This property is just waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping, restaurants, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their portfolio.

Purchase Price	$ 157,680
Address	112 Cora Ct , Thornton, 60476, IL
MLS^® #	12191889
Listing Agent	DANIEL ROBINSON
Year Built	1963
Type	Singlefamily
Size	1113 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Event
1/29/2025	190000	Price Changed
10/17/2024	200000	Listed
6/8/2024		Listing removed
8/31/2023		Listed
8/6/2007	156000	Sold
5/21/2007	165000	Listing removed
5/15/2007	165000	Listed

Financial Breakdown

Purchase Price	$ 157,680
Purchase Costs	$ 4,000
Repair Costs	$ 25,000
Holding Costs	$ 3,420
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 190,100
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 190,100
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 0
Cash During Flip Cash During Flip Shows the cash amount remaining to fund the Flip. Cash During Flip Shows the cash amount remaining to fund the Flip.	$ 190,100

Project Returns

Gross Rehab Profit	$ 38,000
Return on Investment	19.99 %
Annualized ROI	59.97 %
Internal Rate of Return	41.75 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	2 months
Total Holding Period	4 months

There is no financing selected in this deal.

This charts shows the influence of leverage on Return on Investment (ROI). Purchase price is considered as the Value in the LTV ratio here. The calculation considers all buying, holding, repair and selling costs, purchase price, ARV and an interest-only loan with rate of 12.00% p.a.

Month	0	1	2	3	4
Purchase/Sale	$ -171,980				$ 240,000
Closing Costs	$ 4,000				$ -11,900
Holding Costs		$ -855	$ -855	$ -855	$ -855
Rehab Draws		$ -12,500	$ -12,500
Cash Flow	$ -175,980	$ -13,355	$ -13,355	$ -855	$ 227,245

Sale Proceeds Breakdown

After Repair Value	$ 240,000
Cost of Sale Cost of Sale This includes agent commission and costs such as marketing, home warranty, attorney charges, title/escrow fees and other. Cost of Sale This includes agent commission and costs such as marketing, home warranty, attorney charges, title/escrow fees and other.	$ 11,900
Repair Costs	$ 25,000
Holding Costs (4 months) Holding Costs This includes costs such as utilities, maintenance, insurance, HOA dues, but loan interest is not included. Holding Costs This includes costs such as utilities, maintenance, insurance, HOA dues, but loan interest is not included.	$ 3,420
Financing Costs Financing This amount sums interest paid on any loans and capital partner funds plus loan points and costs. Financing This amount sums interest paid on any loans and capital partner funds plus loan points and costs.	$ 0
Purchase Purchase incl. Costs Sums up the purchase price and all associated closing costs, such as title/escrow fees, attorney fees, inspections, appraisal etc. Purchase incl. Costs Sums up the purchase price and all associated closing costs, such as title/escrow fees, attorney fees, inspections, appraisal etc.	$ 161,680
Net Rehab Profit	$ 38,000

Property Report :

112 Cora Ct, Thornton, IL 60476

Executive Summary