investing in philadelphia house for saleWe don’t want to tell you how much weight we’ve gained ever since we fell in love with those iconic philly cheese steaks – and the whole city itself. Why? Well, as if you didn’t already know from this blog, simply put: Philadelphia is an absolute dream for an investor looking for low-key, hassle-free monthly cash flow and a steady stream of tenants alongside ace property managers.

It’s also on the rise – but it’s not at the top yet. So – regardless of your tactic – buy and hold or buy, hold for a while and then sell – you’re in good shape when you invest in the city of brotherly love.

Today’s two story single family Philly house is a dream for an investor looking to get in to the game. It’s already rented, comes with amazing guarantees so you can ditch the cold feet – and is available for a very low buy-in rate. Salivating yet? Sound too good to be true? Well – see for yourself (and be sure to take note of the low monthly expenses and the guarantees!!!).

Location: Philadelphia, PA

Built In: 1937 (fully redeveloped)

Purchase price: $65,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 1 bathroom, 1,093  square feet

Income

Monthly rent collected: $850

Expenses

Monthly expenses

Property taxes: $60

Insurance: $5

Property management fees: $85

Landscaping: $0

Owner Paid Utilities: $0

Monthly expenses (conservatively estimated)

Vacancy (7%): $60

Repairs (5%): $43

Total Monthly Expenses- $252

Net Income = Income – Expenses = $598 

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 11.03%

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 Year Rental Guarantee: Property manager will pay you the full gross monthly rene event that any of your tenants default during your first year of ownership
  • 1 Year Maintenance Guarantee: Property manager will cover all labor and materials for any maintenance required during your first year of ownership
  • 15-Year Roof Warranty: All properties come with a 15-year roof warranty

If you are interested in this property or seeing others like it, contact Ali at ali@hipsterinvestments.com. Take the plunge: you won’t regret it!

 

 

 

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