1447 Doolittle Ln

Grayslake, IL 60030
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2 bd, 3 ba | 1,429 sqft | Built in 1997

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,990

Total Return

$19,173

Annualized Return

4.3%

Cap Rate

2.7%

Gross Yield

9.6%

Cash Flow

-$7,758

Appreciation

4.3%
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Property Management Options
  •  

    Tips for Self Managing Properties

    You've invested in a Rental Property, and are thinking about managing the property yourself? Here are the items you need to be aware of: Renting, Operating, Risk Management

    Self manage / Other
    Renting
    • Get property ready
    • Advertise
    • Show the property
    • Applicant screening
    • Move in tenants

    Operating
    • Collect rent
    • Repair requests
    • Home inspections
    • Move out process

    Risk Management
    • Fair housing
    • Insurance liability
    • Property damage
    • Habitability issues
    • Legal costs
Investment Terms

Offer Terms Applicable to MLS Properties


In addition to the following terms, the specific terms and conditions applicable to your purchase of a property listed on the MLS are governed by the PSA negotiated and entered into by you and the seller.

  • When your offer is accepted, Roofstock will charge a marketplace fee to your credit card. The marketplace fee is equal to 0.5% of the initial contract price or

    $500

    , whichever is greater.
  • If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.
  • If your offer comes with an inspection contingency that allows you to obtain, at our cost (if you use one of our inspection partners), a home inspection report, you will have a set number of days, as set forth in the PSA, to obtain and review the report and then either negotiate to reduce the price or cancel the transaction. If you timely cancel the transaction because of the report's findings, your earnest money deposit will be returned to you.
  • If you are financing your purchase, your offer may come with a financing and appraisal contingency that allows you to obtain financing for the purchase of the property. The timing of the appraisal and financing and your ability to cancel the transaction and receive a return or your earnest money deposit will be set forth in the PSA.
  • The closing date for your purchase will be set forth in the PSA.

Buyer's Agent Appointment


  • With your offer you are retaining Roofstock Realty LLC (RR) as your exclusive real estate broker to assist in purchasing the property, subject to the above Offer Terms.
  • You agree that RR is authorized to represent other interested users through the Roofstock marketplace for this property.
  • RR will not disclose the details of a buyer's offer to any other buyer. RR will remain neutral in presenting multiple offers from buyers it represents.
  • You knowingly and voluntarily waive any claim of conflict of interest as to RR representing multiple buyers on a property.
  • You are not a party to another exclusive representation agreement that could conflict with this provision.
  • If you do not cancel this appointment, RR will be compensated by seller and/or seller's broker at closing. This relationship will automatically terminate with no further action by either party and be of no further force of effect if: (a) your offer for the property is not accepted by the seller or (b) the PSA is terminated by seller or you, whichever is earlier.
  • You may cancel this appointment anytime by cancelling your offer or contacting your appointed Roofstock buyer's agent. If you cancel this appointment and purchase the property within 3 months of the cancellation, you agree to compensate RR for any fee it would have earned at closing.
  • RR only represents buyers in this potential transaction. Seller is represented by the broker listed on the property page.

Certain Disclosures


  • You have reviewed the available financial and other information regarding the property made available on the Roofstock marketplace.
  • You believe that the property is suitable for your intended purpose.
  • Roofstock will provide buyer transaction management services.
  • You have received any disclosures required under state law.