What's Available Wednesday? Chicago!We are back again in Chicago, with another cute single family home that’s been fully renovated and has a tenant in place as condition of closing.

This one is truly a great deal – and puts a whopping $924 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: 1979 (fully renovated)

Purchase price: $135,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 2 bathrooms, 1,300 square feet, 1.5 stories, 1 car garage

Income

Monthly rent collected: $1,850

Expenses

Monthly expenses

Property taxes: $479

Insurance: $83

Property management fees: $142

Monthly expenses (conservatively estimated)

Vacancy (7%): $130

Repairs (5%): $93

Total Monthly Expenses- $926

Net Income = Income – Expenses = $924

Advanced Numbers

Cap Rate = 8.21%

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!

Comments
  • Gary grace
    Reply

    Please call me 216-278-3224

    • Ali
      Reply

      Hi Gary. Please reach out on our Contact Page to chat.

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