What's Available Wednesday? Chicago!

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.

Single Family

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

Income

Monthly rent collected: $1,400

Expenses

Monthly expenses

Property taxes: $136

Insurance: $64

Property management fees: $112

Monthly expenses (conservatively estimated)

Vacancy (7%): $98

Repairs (5%): $70

Total Monthly Expenses- $479

Net Income = Income – Expenses = $921

Advanced Numbers

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 melissa@hipsterinvestments.com. Take the plunge: you won’t regret it!

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