Property Report :

2813 Forest Glen Pkwy Rental Analysis

2813 Forest Glen Pkwy, Woodridge, IL 60517

Real Estate Analysis

Created on: Apr 16, 2025

Author: Cristy Trepachko

Company: Chase Real Estate

2813 Forest Glen Pkwy, Woodridge, IL 60517

Singlefamily: 3 bedrooms , 1 bathroom

Year built: 1961, Size: 1008 SF

Investment strategy: Rental Property

Purchase Price$ 251,775

Rent$ 2,925/mo

Monthly Cash Flow$ 527

Cash on Cash Return9.99 %

Financial Analysis

Cash on Cash Return	9.99 %
Internal Rate of Return (IRR)	18.83 %
Capitalization Rate	6.19 %
Gross Rent Multiplier (GRM)	11.40
Debt-coverage Ratio (DCR)	1.34
Operating Expense Ratio (OER)	27.32 %
After Repair Value	$ 400,000
Profit/Equity From Rehab	$ 127,287

Financial Breakdown

Purchase Price	$ 251,775
Purchase Costs	$ 10,938
Repair/Construction Costs	$ 10,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 272,713
Financing	$ 209,420
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 63,293
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.	$ 56,543
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	$ 6,750

Operating Analysis

Rent	$ 2,925/mo
Gross Operating Income (GOI)	$ 34,047
Total Expenses	$ 9,300
Net Operating Income (NOI)	$ 24,747
Annual Debt Service	$ 18,422
Cash Flow Before Taxes (CFBT)	$ 6,325
Income Tax Liability	$ 188
Cash Flow After Taxes (CFAT)	$ 6,136

3 bedroom, 1 bath home including the additional 498 sq ft finished lower level and huge backyard. Open concept with vaulted ceilings in living room and kitchen. Home needs TLC but in a great location! Across the street from the park with tennis courts and walking paths!

Purchase Price	$ 251,775
Address	2813 Forest Glen Pkwy , Woodridge, 60517, IL
MLS^® #	11934171
Listing Agent	Lisa Ortega
Year Built	1961
Type	Singlefamily
Size	1008 SF
Bedrooms	3
Bathrooms	1

Property History

Date	Price	Event
11/19/2023	259900	Listed
8/22/2018	219500	Sold
7/4/2018	222900	Listed
6/30/2013	172000	Sold
5/6/2013	179900	Listed
7/17/2000	146000	Sold
7/31/1985	69900	Sold
12/31/1978	67000	Sold

2813 Forest Glen Pkwy Woodridge, IL 60517

$ 400,000

Property ARV
Singlefamily

Bldg type
1,008

SqFt
$ 397

per SqFt
3

Beds
1

Baths

2813 Forest Glen Pkwy Woodridge, IL 60517

$ 2,925

Rent
Singlefamily

Bldg type
1,008

SqFt
3

Beds
1

Baths

Your rent may be too high.

Average

$ 2,425

Median

$ 2,363

25th %

$ 2,237

75th %

$ 2,613

#	Property address	Similarity	Distance	Beds	Baths	SqFt	Date Listed	Bldg type	Rent
1	2552 Forest Glen Pkwy	87%	0.5mi	3	1.5	1,272	6/14/2024	Single Family	$ 2,665
2	2733 Crabtree Ave	82%	0.4mi	3	2	1,512	7/11/2024	Single Family	$ 2,945
3	7807 Janes Ave	82%	1.0mi	3	1.5	1,700	5/22/2024	Single Family	$ 3,000

You can edit, sort, drag and reorder suggested comps below. Select the comps you want to include in the report. You can also add comps manually.

Property address	Similarity	Distance	Beds	Baths	SqFt	Date Listed	Bldg type	Rent
2565 Jonquil Ln	90%	0.7mi	3	1.5	1,080	8/13/2024	Single Family	$ 2,495
2552 Forest Glen Pkwy	87%	0.5mi	3	1.5	1,272	6/14/2024	Single Family	$ 2,665
7713 Woodward Ave, Apt 2A	83%	1.8mi	2	1	1,000	7/9/2024	Single Family	$ 1,917
7725 Woodward Ave, Unit 3N	83%	1.8mi	2	1	1,000	7/9/2024	Single Family	$ 1,980
1 Highland Ct	83%	0.5mi	3	2	1,470	10/14/2024	Single Family	$ 2,750
2733 Crabtree Ave	82%	0.4mi	3	2	1,512	7/11/2024	Single Family	$ 2,945
7681 Willow Ave	82%	0.5mi	3	2	1,505	6/27/2024	Single Family	$ 2,800
7933 Chelsea Dr, Apt 211	82%	1.0mi	2	1	900	10/14/2024	Single Family	$ 2,000
7807 Janes Ave	82%	1.0mi	3	1.5	1,700	5/22/2024	Single Family	$ 3,000
7832 Jonquil Ln	80%	0.6mi	4	2	1,025	7/4/2024	Single Family	$ 2,700

Comps selected: 3

Financial Measures

Net Present Value Net Present Value (NPV) Probably the best measure of any investment thanks to its complexity; taking into account all future cash flows including the selling price, and it converts all these amounts to their present values using discount rate required by the investor. More information and an example on the blog. Net Present Value (NPV) Probably the best measure of any investment thanks to its complexity; taking into account all future cash flows including the selling price, and it converts all these amounts to their present values using discount rate required by the investor. More information and an example on the blog.	$ 190,158
Internal Rate of Return Internal Rate of Return (IRR) Rate which an investment will return over the estimated period of ownership. It is in fact the discount rate that produces NPV of zero. Internal Rate of Return (IRR) Rate which an investment will return over the estimated period of ownership. It is in fact the discount rate that produces NPV of zero.	18.83 %
Profitability Index Profitability Index Similar to NPV, also calculates with the present values of future cash flows and discount rate. It shows whether the present value of the cash flows is worth the initial investment. Good investment should be above 1.0 Profitability Index Similar to NPV, also calculates with the present values of future cash flows and discount rate. It shows whether the present value of the cash flows is worth the initial investment. Good investment should be above 1.0	4.00
Annual Depreciation	$ 7,324

Holding period of 15 years and discount rate of 5.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don't provide such an exact information.

Investment Return Ratios

Cash on Cash Return Cash on Cash Return Ratio between annual cash flow before taxes and the total initial investment, expressed as a percentage. It does not take in account the future value of money. Cash on Cash Return Ratio between annual cash flow before taxes and the total initial investment, expressed as a percentage. It does not take in account the future value of money.	9.99 %
Return on Investment Return on Investment Very similar to Cash on Cash Return, but also takes in account appreciation of the property in the first year. Return on Investment Very similar to Cash on Cash Return, but also takes in account appreciation of the property in the first year.	21.93 %
Capitalization Rate Capitalization Rate Calculated as ratio of the net operating income and the value of the property. Capitalization Rate Calculated as ratio of the net operating income and the value of the property.	6.19 %
Gross Rental Yield Gross Rental Yield Used for a particular property or also as a market indicator when using median values of rent and house prices - counted from gross scheduled rent and initial investment. Gross Rental Yield Used for a particular property or also as a market indicator when using median values of rent and house prices - counted from gross scheduled rent and initial investment.	13.94 %
Gross Rent Multiplier Gross Rent Multiplier (GRM) Counted as a ratio of market value of the property and gross scheduled income. Gross Rent Multiplier (GRM) Counted as a ratio of market value of the property and gross scheduled income.	11.40

Financing		% of ARV
Down Payment	$ 52,355	13.09 %
Homestyle	$ 209,420	52.35 %
Loan to Value Ratio Loan to Value Ratio Shows sum of all purchase and rehab loans divided by purchase price. Loan to Value Ratio Shows sum of all purchase and rehab loans divided by purchase price.		83.18 %
Loan to Cost Ratio Loan to Cost Ratio Shows sum of all purchase and rehab loans to construction cost (purchase price + repairs). Loan to Cost Ratio Shows sum of all purchase and rehab loans to construction cost (purchase price + repairs).		80.00 %
Debt Coverage Ratio		1.34

Homestyle Financing of: Purchase + Repairs ($ 261,775)
Type	Amortized
Loan Amount	$ 209,420
Down payment (20%)	$ 52,355
Amortization	30 years
Interest Rate	7.99 %
Monthly Payment	$ 1,535.19

This chart shows the process of accumulation of investor's equity. There is some equity created right at the beginning with the rehab/construction and later investor's equity is rising by paying off the principal of the loan and also by appreciation over the years. All the green parts is the cummulative equity belonging to the investor and the red part belongs to the lender.

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15
Operational Analysis
Gross Scheduled Income	0	35,100	35,802	36,518	37,248	37,993	38,753	39,528	40,319	41,125	41,948	42,787	43,642	44,515	45,406	46,314
Vacancy Loss	0	1,053	1,074	1,096	1,117	1,140	1,163	1,186	1,210	1,234	1,258	1,284	1,309	1,335	1,362	1,389
Gross Operating Income	0	34,047	34,728	35,423	36,131	36,854	37,591	38,342	39,109	39,891	40,689	41,503	42,333	43,180	44,043	44,924
Expenses	0	9,300	9,486	9,676	9,869	10,067	10,268	10,473	10,683	10,896	11,114	11,337	11,563	11,795	12,031	12,271
Net Operating Income	0	24,747	25,242	25,747	26,262	26,787	27,323	27,869	28,427	28,995	29,575	30,166	30,770	31,385	32,013	32,653
Loan Payment	0	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422	18,422
Payment Interest Part	0	16,669	16,524	16,367	16,196	16,012	15,812	15,596	15,361	15,108	14,833	14,535	14,213	13,864	13,486	13,077
Payment Principal Part	0	1,753	1,898	2,056	2,226	2,410	2,610	2,827	3,061	3,315	3,589	3,887	4,209	4,558	4,936	5,345
Cash Flow
Repairs/Construction	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-63,293	6,325	6,820	7,325	7,839	8,365	8,900	9,447	10,004	10,573	11,153	11,744	12,348	12,963	13,591	14,231
Depreciation	0	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324	7,324
Taxes	0	188	348	514	685	863	1,047	1,237	1,435	1,641	1,855	2,077	2,308	2,549	2,801	3,063
Cash Flow After Taxes	-63,293	6,136	6,471	6,810	7,154	7,502	7,854	8,210	8,569	8,932	9,298	9,667	10,039	10,414	10,790	11,168

Note: All amounts in the table above are in $

Resale Price Evaluation Methods

The property is sold after 15 years. Below is the resale price calculated using different methods.

Capitalization (6.19%) & NOI	$ 527,514
Appreciation (3.00%)	$ 623,187
Gross Rent Multiplier	$ 527,976

Sale Proceeds

Projected Selling Price	$ 527,514
Costs of Sale (3.50%)	$ 18,463
1. Loan Balance Payoff	$ 160,740
Net Sale Proceeds Before Tax	$ 348,311

In the resale analysis we do not include any calculation for taxes that might be owed on sale of the property. The tax laws for the resale are rather complex and subjected to frequent changes.

Net Assets and Yield

Net Assets
Sale Proceeds Before Tax	$ 348,311
Investor Cash Outlay	$ 63,293
Net Assets	$ 285,018
Average Yield
Annual Net Assets	$ 19,001
Average Cash Flow (After Taxes)	$ 7,856
Average Annual Gain (After Taxes)	$ 26,858
Average Annual Yield (After Taxes)	10.67 %

This charts shows Net Present Value (NPV) when property is sold in various years, i.e. when sold in 5th year, the NPV is calculated from 5 years of Cash Flow (including the selling price) and this NPV is displayed in year 5. Optimal holding period can be estimated, using this method - when NPV is the highest. Please note that appreciation growth can change these numbers greatly. It sometimes makes sense to sell the property even before the end of the mortgage term.

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Property Report: 2813 Forest Glen Pkwy Rental Analysis RENTAL

Property Report :

2813 Forest Glen Pkwy Rental Analysis

2813 Forest Glen Pkwy, Woodridge, IL 60517

Executive Summary

2813 Forest Glen Pkwy, Woodridge, IL 60517

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 Rehab

Cash During Rehab

Operating Analysis

Property Description

Property History

$ 400,000

Property ARV

Singlefamily

Bldg type

1,008

SqFt

$ 397

per SqFt

3

Beds

1

Baths

Comparative Rental Analysis

$ 2,925

Rent

Singlefamily

Bldg type

1,008

SqFt

3

Beds

1

Baths

Rentometer®

Rentometer®

Financial Analysis

Financial Measures

Net Present Value (NPV)

Net Present Value (NPV)

Internal Rate of Return (IRR)

Internal Rate of Return (IRR)

Profitability Index

Profitability Index

Investment Return Ratios

Cash on Cash Return

Cash on Cash Return

Return on Investment

Return on Investment

Capitalization Rate

Capitalization Rate

Gross Rental Yield

Gross Rental Yield

Gross Rent Multiplier (GRM)

Gross Rent Multiplier (GRM)

Financing Overview

Loan to Value Ratio

Loan to Value Ratio

Loan to Cost Ratio

Loan to Cost Ratio

Long-term Cash Flow Forecast

Resale Analysis

Resale Price Evaluation Methods

Sale Proceeds

Net Assets and Yield

Photos

Rentometer^®

Rentometer^®