This one is truly a great deal – and puts $798 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 Home
Location: Chicago, IL.
Built In: 1948 (fully renovated)
Purchase price: $90,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 853 square feet, 2 stories
Monthly rent collected: $1,350
Property taxes: $202
Property management fees: $104
Monthly expenses (conservatively estimated)
Vacancy (7%): $95
Repairs (5%): $68
Total Monthly Expenses- $552
Net Income = Income – Expenses = $798
Cap Rate = 10.65%
annual net income (non-inclusive of mortgage payment) / purchase price
Cash-on-cash return =
Depends on your leveraging.
- 1 Year Scope of Work Warranty
If you are interested in this property or seeing others like it, contact Melissa at firstname.lastname@example.org. Take the plunge: you won’t regret it!