invest in philadelphia real estate propertyHonestly: we can’t count the number of reasons to invest in Philadelphia real estate. Low buy-ins. True cash flow. Equity. Appreciation (and we don’t mean the cheese steaks)… A city on the upswing and property values on the rise. It’s close to New York City and Washington D.C: colleges, hospitals, employers, culture, art – Philadelphia has it all PLUS some incredible deals on turnkey properties. Interested? You should be. Today’s property is priced to sell, comes with unheard of guarantees, and is poised to go up in value over time. Oh yeah: it has tenants (aka cash flow) in place. Easy, hassle-free, head-ache free. Just want our smart Hipster investors want and need for their busy schedules.

Today’s property is a duplex – which means one property and two rental incomes. We love that, don’t you? Less to manage and more cash in your pocket. Let’s take a look! Ready to take the plunge and become a real estate investor? This is a spectacular find….

Location: Philadelphia, PA

Built In: 1944 (fully redeveloped)

Purchase price: $95,000 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 2 bathrooms, 1,110  square feet

Income

Monthly rent collected: $1,300

Expenses

Monthly expenses

Property taxes: $84

Insurance: $70

Property management fees: $130

Monthly expenses (conservatively estimated)

Vacancy (7%): $91

Repairs (5%): $65

Total Monthly Expenses- $440

Net Income = Income – Expenses = $860

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 10.86%

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 Year Rental Guarantee: Property manager will pay you the full gross monthly rent in the 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 Ali at ali@hipsterinvestments.com. Take the plunge: you won’t regret it!

Comments
  • Ed
    Reply

    Curious to know how you got the special terms and are they all through your property manager?

    • Ali
      Reply

      We here at Hipster, Ed, know some folks who can hook us up 🙂 It depends on the ‘special term’, if it’s more on the selling side or management side, but usually with turnkeys those two things are fairly intertwined so just depends on what the term is as to where it stems from.

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