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4 Flat 404 Lyle MILford IL Mu Investment

City: MILFORD ZIP: 60953

Built In: 1966

Lot Size: C

Lot Dimensions: 211X157

Lot Description: E

# of Units: 4

Unit 1 Floor 1: 2 bedrooms 1 baths $450.

Unit 2 Floor 1: 1 bedrooms 1 baths $430

Unit 3 Floor 1: 1 bedrooms 1 baths $430

Unit 4 Floor 1: 2 bedrooms 1 baths $450

Gross Income $21,120

Net Op. Income $17,400

Detailed Listing Description

1 story 4 unit all brick building on a corner lot! With 3 empty lots, it feels like a park when you step outside! 2 units have 2 bedrooms & 2 units have 1 bedroom. Each unit has stove, refrigerator, washer & dryer. Tenants pay their own utilities, all electric units with electric ceiling radiant heat for convenience (place the furniture where you want). This owner is an overachiever with updated bathrooms, covered front patio and back patio, 6 inch gutters & downspouts & gutter guards, easy clean, tilt in windows, water spickets in front & back and private storage. New: electric service, doors, windows, sewer lines, sump pump. New architectural roof in 2007. Convenient to shopping, park and schools! Close to Watseka, Danville, Gilman. Within an hour to Bourbonnais/Bradley/Kankakee and Champaign/Urbana. The high school built in 2015 boasts a 96% graduation rate & 10 student average class size! Each unit has a washer and dryer in the unit, too!

Additional Property Details

Garage & Parking
  • ParkingS
  • Number of Parking Spaces6
  • Parking on SiteY
  • Parking OwnershipA
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1B,F,G,H
  • Tenant Pays Unit 2B,F,G,H
  • Tenant Pays Unit 3B,F,G,H
  • Tenant Pays Unit 4B,F,G,H
Appliances
  • Appliances Unit 1A,B,C,D,J,P
  • Appliances Unit 2A,B,C,D,J,P
  • Appliances Unit 3A,B,C,D,J,P
  • Appliances Unit 4A,B,C,D,J,P
Schools
  • Grade School District124
  • Jr High/Middle School District124
  • High School District233

Comparative Data


Calculated Rents
Rental Income : Annual $21,120 Monthly $1,760
Rental Income Stabilized : Annual $21,120 Monthly $1,760
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$220,0004$55,0004.06%10.420.80%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,760$1,760
Year Total$21,120$21,120
Expense
Total$12,179$12,179
Net Operating Income$8,941$8,941
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $2662 $7371 $10033 $837
Total         $2,662 $7,371 $10,033   $-1,092 $2,662 $1,570
Stabilized         $2,662 $7,371 $10,033   $-1,092 $2,662 $1,570
Custom         $2662 $7371 $10033   $-1092 $2662 $1570




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1165,000837218619218619837
2164,7828372196184371,2371,674
3164,5638372206176571,8542,511
4164,3438372216168782,4703,348
5164,1228372226151,0993,0864,185
6163,9018372226151,3223,7005,022
7163,6788372236141,5454,3145,859
8163,4558372246131,7694,9276,696
9163,2318372256121,9945,5397,533
10163,0068372266112,2206,1508,370
11162,7808372276102,4466,7619,207
12162,5548372276102,6747,37010,044
13162,3268372286092,9027,97910,881

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Listing Agent: Berry McCracken
Listing Office: Coldwell Banker Residential

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