We are back in Chicago with single family turnkey properties for you to invest in!! They are fully renovated with tenants in place as condition of closing. Ready to find out more?
This one is an amazing deal – and puts a whopping $921 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.
Location: Chicago, IL.
Built In: 1937 (fully renovated)
Purchase price: $146,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 2 bathrooms, 1451 square feet, 2 story, 2 car parking
Monthly rent collected: $1,400
Property taxes: $136
Property management fees: $112
Monthly expenses (conservatively estimated)
Vacancy (7%): $98
Repairs (5%): $70
Total Monthly Expenses- $479
Net Income = Income – Expenses = $921
Cap Rate = 7.57%
annual net income (non-inclusive of mortgage payment) / purchase price
Cash-on-cash return =
Depends on your leveraging.
If you are interested in this property or seeing others like it, contact Melissa at email@example.com. Take the plunge: you won’t regret it!