chicago-duplex-dec-2014We are back again – to Chi-town as the locals call it with a beautiful duplex that’s been fully renovated.

This one is truly an amazing deal – and puts $1,373 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 a major global destination: chock full of colleges, hospitals, Fortune 5oo employers-  and most importantly: tenants and lots of them. Let’s take a look at today’s hot find: double your income streams on one property – easy and hassle-free.

Duplex

Location: Chicago, IL.

Built In: 1911 (fully renovated and waiting for your tenants to enjoy)

Purchase price: $177,500 (not a foreclosure, normal sale)

Property info: 7 bedrooms, 3 bathrooms, 1,920  square feet, 2+ stories

Income

Monthly rent collected: $2,300

Expenses

Monthly expenses

Property taxes: $178

Insurance: $108

Property management fees: $184

Landscaping: $80

Owner-Paid Utilities: $100

Monthly expenses (conservatively estimated)

Vacancy (7%): $161

Repairs (5%): $115

Total Monthly Expenses- $927

Net Income = Income – Expenses = $1,373

Advanced Numbers

Cap Rate = 9.28%

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!

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