This one is truly a great deal – and puts a whopping $1,556 (!!) 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: Glenview, Illinois. Built In: 1957 (fully renovated)
Purchase price: $330,000 (not a foreclosure, normal sale)
Property info: 4 bedrooms, 2 bathrooms, 1,600 square feet, 1.5 stories (split level), 1 car garage
Monthly rent collected: $2,750
Property taxes: $511
Property management fees: $220
Monthly expenses (conservatively estimated)
Vacancy (7%): $193
Repairs (5%): $138
Total Monthly Expenses- $1,194
Net Income = Income – Expenses = $1,556
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price =5.66%
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.