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Illinois BRRRR Calculator

Analyze Buy, Rehab, Rent, Refinance, Repeat deals using Illinois market data. Property tax, insurance, vacancy rates, and rents are pre-filled with current Illinois averages.

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Purchase & Rehab

After Repair Value

Equity Captured$35,800

Refinance Terms

Rental Income & Expenses(Illinois defaults)

Illinois Market Context

Avg Cap Rate

6.5%

Median Price

$286K

Property Tax

1.79%

Vacancy Rate

6.5%

Local Factors

  • -Second-highest property tax rate in the nation significantly impacts investor returns
  • -Chicago provides strong rental demand but has complex landlord-tenant regulations
  • -Population outmigration trend creates risk in downstate markets

Cash Left in Deal

$76,307

Weak
Post-Refi CoC Return-14.6%
Total Cash In$349,580
Refi Loan Amount$278,850
Cash Back from Refi$273,273
Equity Captured$35,800
Monthly Cash Flow$-930
Monthly Mortgage$1,855
NOI$11,104

Where Rent Goes

CASH FLOW$-930
Cash Flow$0
Debt Service$22,262
Expenses$13,220

Total Cash In Breakdown

Purchase$286,000
Rehab$50,000
Holding$5,000
Closing$8,580

What does this mean?

This deal leaves too much cash in with too little return. The rehab isn't creating enough forced equity to make the BRRRR strategy worthwhile. Consider negotiating a lower purchase price or increasing your rehab budget to push ARV higher.

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