20217 W Coral Rd

Marengo, IL 60152
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3 bd, 5 ba | 2,656 sqft | Built in 2000

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List Price
$475,000

Initial Investment

$129,438

Purchase Price

$475,000

Down Payment

25%

Rent

$3,390

Total Return

$117,691

Annualized Return

12.9%

Cap Rate

4.3%

Gross Yield

8.6%

Cash Flow

-$6,908

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

91,912

HOA

None

Flood Risk

Not Required

Are you a nature lover and looking for a place to call home? Feel like you are on vacation every day in this Custom Log Home on over 2-acre picturesque lot. Just like a cozy cottage in the woods but offers so much more! The well-designed floor plan provides space for everything a growing family may need! On the main level you will find a large kitchen with an island and a breakfast bar with direct access to one of TWO WOOD DECKS. The GREAT ROOM is the heart of this home; having two-story ceilings and a wood burning fireplace where you will enjoy evenings by the fire with your loved ones. This level also features a dining room, a MASTER SUITE with a NURSERY and a spacious OFFICE/STUDY/MUSIC ROOM that could be used as a guest bedroom. There is also a powder room and a laundry room. The second level features two bedrooms, a full bathroom and a loft which can serve as a play/gaming area, or a reading/library space. The basement has perfect IN LAW ARRANGEMENT featuring a family room, a bedroom, a dining &play area, a kitchenette, a full bathroom and two huge storage rooms. The basement area would also work wonderfully for your college student. Enjoy the outdoors in so many ways! The two wood decks and a screened gazebo allow for more family fun at day and night. New lanterns adorn the bent driveway to light your way. Beautiful lot with mature trees, just pick a spot for your bonfire. Detached 3 car garage. This custom home has surprising nooks around every corner giving it unique features and character. A must see home for those who seek a tranquil yet practical lifestyle! This home comes with a FULL 1 YR Home Warranty! Served by school districts 18 and 154.

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$38,645

Expenses

-$6,879

Property Taxes

-$12,850

Loan Payments

-$25,823

Net Cash Flow

-$6,908

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Anna Domagala
Agent License 475177191
Charles Rutenberg Realty of IL
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12122835
Last Updated: 07/27/2024 14:07
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