philadelphia-investing-propertyFirst and foremost: amazing buy in price, amazing ROI on this one.

Philadelphia is a market on the rise – and Hipster loves markets on the rise. We also love the liberty bell, the proximity to DC, the booming job market, all of the great colleges – and of course, those legendary Philly cheese steaks (regular or vegetarian).

If you want to buy in to a fully renovated turnkey property that puts cash in your bank each month, this one could be your next buy. The price point is affordable, the return is strong – the fundamentals are excellent. We love this seller. We love this city. We love this single family. Oh, and we love the cash-flow here. Check it out.

Location: Philadelphia,PA.

Built In: 1932 (fully renovated, tenant in place as condition of closing)

Purchase price: $63,000 (not a foreclosure, normal sale)

Property info: 3 bedroom, 1 bathroom, 1,120 square feet

Income

Monthly rent collected: $900

Expenses

Monthly expenses

Property taxes: $81

Insurance: $60

Property management fees: $90

Monthly expenses (conservatively estimated)

Vacancy (7%): $63

Repairs (5%): $45

Total Monthly Expenses- $339

Net Income = Income – Expenses = $562 !

Advanced Numbers

Cap Rate =10.70%

Cash-on-cash return =

Depends on your leveraging.

If you are interested in this amazing property – or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.

Comments
  • Robert Markus
    Reply

    Im interested in this property and more just like this one so shoot me an email and some pictures. Thanks!

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