15412 S James St – Plainfield, IL
6-Unit Multifamily Investment Opportunity
📍 Property Overview
- Asset Type: Multifamily (6 Units)
- Unit Mix: (6) 2 Bed / 1 Bath
- Location: Plainfield, IL (prime suburban location)
- Condition: Stabilized / Turnkey
- Parking: Garages + surface parking
💰 Financial Snapshot
- Purchase Price: $1,395,000
- Gross Income: $123,905
- NOI: $91,817
- Cap Rate: 6.71%
📊 Expense Breakdown
- Taxes: $19,628
- Insurance: $2,934
- Repairs: $3,500
- Electricity: $512
- Scavenger: $891
- Other: $2,965
- Total Expenses: $30,337
📉 Financing Insight (At Today’s Rates)
- Interest Rate: 7.00%
- Loan Type: Conventional / Investment Loan
- Amortization: 30 Years
- 20% Down → DSCR: 1.03
- 25% Down → DSCR: 1.10
👉 Conservatively structured deal — not heavily leveraged
📍 Location Highlights
- Located in core Plainfield
- Near downtown amenities
- Across from high school
- Strong rental demand area
- Low vacancy submarket
🔥 Property Highlights
- Turnkey 6-unit building
- Strong in-place income ($91K+ NOI)
- Tenant-paid utilities (reduced expenses)
- Clean, high-demand unit mix (2 bed units)
- Minimal immediate capital improvements needed
📈 Investment Perspective
👉 This is a stabilized asset focused on:
- Consistent cash flow
- Low operational risk
- Long-term appreciation
⚠️ Disclaimer
👉 Interest rates are estimates based on current market conditions and may vary depending on lender, borrower profile, and loan structure.