We don’t want to tell you how much weight we’ve gained ever since we fell in love with those iconic Philly cheesesteaks – and the whole city itself. Why? Well, as if you didn’t already know from us, simply put: Philadelphia is an absolute dream for an investor looking for low-key, hassle-free monthly cash flow and a steady stream of tenants alongside ace property managers.
It’s also on the rise – but it’s not at the top yet. So – regardless of your tactic – buy and hold or buy, hold for a while and then sell – you’re in good shape when you invest in the city of brotherly love.
Today’s two-story, single-family Philly house is a dream for an investor looking to get in to the game. It’s already rented, comes with amazing guarantees so you can ditch the cold feet – and is available for a very low buy-in rate. Salivating yet? Sound too good to be true? Well – see for yourself (and be sure to take note of the low monthly expenses and the guarantees!!!).
LOCATION: Philadelphia, PA.
Built In: 1925 (but fully renovated)
Purchase price: $77,700 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 1,480 square feet, 2 stories
Monthly rent collected: $1,000
Monthly expenses (conservatively estimated)
Property taxes: $64
Property management fees: $100
Vacancy (7%): $70
Repairs (5%): $50
Total Monthly Expenses- $349
Net Income = Income – Expenses = $651
Cap Rate = 10.06%
annual net income (non-inclusive of mortgage payment) / purchase price
Cash-on-cash return =
Depends on your leveraging.
- 1 Year Rental Guarantee: Property manager will pay you the full gross monthly rene event that any of your tenants default during your first year of ownership
- 1 Year Maintenance Guarantee: Property manager will cover all labor and materials for any maintenance required during your first year of ownership
- 15-Year Roof Warranty: All properties come with a 15-year roof 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!