Honestly: 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
Monthly rent collected: $1,300
Property taxes: $84
Property management fees: $130
Monthly expenses (conservatively estimated)
Vacancy (7%): $91
Repairs (5%): $65
Total Monthly Expenses- $440
Net Income = Income – Expenses = $860
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 10.86%
Cash-on-cash return =
Depends on your leveraging.
- 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 email@example.com. Take the plunge: you won’t regret it!