Respectfully I would like to ask for some assistance with the down $7,500 paid back on signing we can discuss you profit for lending. I can do the deal for this $7,500 Ernest will pay back on signing– 19-UNIT MULTIFAMILY | ILLINOIS 19-UNIT MULTIFAMILY | ILLINOIS Purchase Price: $649,900 Renovation Estimate: $70,000 Total Units: 19 (17 in main building, 2 in secondary) Current Gross Rent: $14,800/month Projected Gross Annual Revenue: $177,600 Expense Ratio: 45% Projected NOI: $97,680 Possibly could make $800,00- $999, 900 after renovations --- 🔑 Property Highlights Solid all-brick construction with new roof Separated electric meters, city water, and sewage Low maintenance design and systems Excellent value-add potential through renovations Located in a strong rental area with consistent tenant demand --- 💰 Investment Options Option 1 – Bank Financing Offer: $600,000 $7,500 Ernest Down Payment: 20% ($114,000) Interest Rate: ~7% Debt Service Ratio: 2.40 Loan-to-Value: 72.93% Monthly Free Cash Flow: $4,513.74 Cash-on-Cash Return: 27.72% Per Door Cash Flow: $265.51 📈 Why This Deal Works Strong existing cash flow with clear path to higher rents Quality construction reduces long-term capex risk Favorable financing terms and multiple deal structures Opportunity to scale equity and build wealth through renovations and refinancing --- 📞 Let’s Connect assist with escrow Contact: Erika Webster 📧
[email protected] 📞 727-776-7209 --- OPPORTUNITY – 19-UNIT MULTIFAMILY | ILLINOIS @Peter Conti @Oliver Chamberlin