chicago-waw-january-2015We are back again in Chi-town as the locals call it with a beautiful duplex that’s been fully renovated.

This one is truly an amazing deal – and puts $1,173 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 a major global destination: chock full of colleges, hospitals, Fortune 5oo employers-  and most importantly: tenants and lots of them. Let’s take a look at today’s hot find: double your income streams on one property – easy and hassle-free.

Duplex

Location: Chicago, IL.

Built In: 1910 (fully renovated)

Purchase price: $170,000 (not a foreclosure, normal sale)

Property info: 6 bedrooms, 2 bathrooms, 3,632  square feet, 2 stories, 2 car garage

Income

Monthly rent collected: $2,200

Expenses

Monthly expenses

Property taxes: $298

Insurance: $108

Property management fees: $176

Landscaping: $80

Owner-Paid Utilities: $100

Monthly expenses (conservatively estimated)

Vacancy (7%): $154

Repairs (5%): $110

Total Monthly Expenses- $1,027

Net Income = Income – Expenses = $1,173

Advanced Numbers

Cap Rate = 8.28%

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!

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