What's Available Wednesday? A Chicago Duplex!

What’s better than passive income and monthly cash flow in your pocket? Double the cash flow!

This week we have a Chicago duplex ready for someone to invest in with a whopping $1,125 in cash flow in your bank account each month (and that’s conservatively estimated!)…..

Chicago is a city that is on the rise: it’s the #1 most diversified economy in the US, chock full of colleges, hospitals, Fortune 5oo employers… And most importantly, there are tenants and lots of them. Let’s take a look at today’s hot find!

Duplex

Location: Chicago, IL.

Built In: 1880 (fully renovated)

Purchase price: $148,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 2 bathrooms, 1,770 square feet, 2+ stories

Income

Monthly rent collected: $1,925

Expenses

Monthly expenses

Property taxes: $198

Insurance: $83

Property management fees: $154

Monthly expenses (conservatively estimated)

Vacancy (7%): $135

Repairs (5%): $96

Landscaping: $42

Owner-paid Utilities: $92

Total Monthly Expenses- $800

Net Income = Income – Expenses = $1,125

Advanced Numbers

Cap Rate = 9.12%

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

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 Year Scope of Work Warranty

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

Want to see more deals like this?
We’ll send them to you!

Want to see more deals like this? We'll send them to you!

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