19517 S 116th Ave , Mokena IL 60448

19517 S 116th Ave Unit B, Mokena, IL 60448

Townhouse: 2 bedrooms , 2 bathrooms

Year built: 1972, Size: 1152 SF

Investment strategy: Fix and Flip

Purchase Price$ 104,000

Rehab Estimate$ 35,000

Project Profit$ 29,900

After Repair Value$ 180,000

Investment Summary

After Repair Value	$ 180,000
Calculated Project Profit	$ 29,900
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.	77.22 %
Return on Investment	20.84 %
Project Term	3 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).	$ 143,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 143,500

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 104,000
Buying Costs	$ 3,000
Total	$ 107,000

Repair Costs
Repair Costs Lump Sum	$ 35,000
Total	$ 35,000

Holding Costs
Monthly Holding Costs	$ 500
Total Months Held	3
Total	$ 1,500

Selling Costs
Commissions (2%)	$ 3,600
Selling Costs	$ 3,000
Total	$ 6,600

Two Bedroom, 1 1/2 Bath townhome with 1 car attached garage. Second floor laundry. Walk in closet in the master bedroom. Being sold AS-IS Best offers by 6:00pm Sunday 05/26/2024

Purchase Price	$ 104,000
Address	19517 S 116th Ave Unit B, Mokena, 60448, IL
MLS^® #	12065771
Listing Agent	JULIE JAMES
Year Built	1972
Type	Townhouse
Size	1152 SF
Bedrooms	2
Bathrooms	2

Property History

Date	Price	Event
5/24/2024	100000	Listed
5/31/1990	55000	Sold
4/3/1989	100000	Sold
10/31/1986	34500	Sold

Financial Breakdown

Purchase Price	$ 104,000
Purchase Costs	$ 3,000
Repair Costs	$ 35,000
Holding Costs	$ 1,500
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 143,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 143,500
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.	$ 143,500

Project Returns

Gross Rehab Profit	$ 29,900
Return on Investment	20.84 %
Annualized ROI	83.36 %
Internal Rate of Return	128.91 %

Timeline Assumptions

Rehab Period	1 months
Listing Period	2 months
Total Holding Period	3 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
Purchase/Sale	$ -104,000			$ 180,000
Closing Costs	$ 3,000			$ -6,600
Holding Costs		$ -500	$ -500	$ -500
Rehab Draws		$ -35,000
Cash Flow	$ -107,000	$ -35,500	$ -500	$ 172,900

Sale Proceeds Breakdown

After Repair Value	$ 180,000
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.	$ 6,600
Repair Costs	$ 35,000
Holding Costs (3 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.	$ 1,500
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.	$ 107,000
Net Rehab Profit	$ 29,900

Property Report :

19517 S 116th Ave Unit B, Mokena, IL 60448

Executive Summary

19517 S 116th Ave Unit B, Mokena, IL 60448

Investment Summary

70% Rule

70% Rule

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Project Cost Breakdown

Property Description

Property History

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos

Property Report: 19517 S 116th Ave , Mokena FIX & FLIP

Property Report :

19517 S 116th Ave Unit B, Mokena, IL 60448

Executive Summary

19517 S 116th Ave Unit B, Mokena, IL 60448

Investment Summary

70% Rule

70% Rule

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Project Cost Breakdown

Property Description

Property History

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos