Yes. We are still eating and loving those famous Philly cheese steaks. The black and white cookies are pretty good – and the liberty bell – well it’s the Liberty Bell, after all. Beyond the basic tourist trappings, and they’re touristy for good reason, Philadelphia has a lot to offer the savvy investor.
What, exactly, is so wonderful about this city of brotherly love? For one, it’s the spirit of growth – big-time growth. The market here is on an upswing – but there’s still room to get in while the going’s hot. There are tons of job opportunities. Colleges. Employers. Ready renters. Simply put, Philly is opportunity for an investor who wants a hot deal at a hot price. We found a triplex – a rarity in the investing world – but it’s going to go fast. If you want in, email Ali ASAP. The contact info is at the bottom! Let’s take a closer look at this rare find for your portfolio…
Built In: 1949 (fully renovated and rented!)
Purchase price: $125,00 (not a foreclosure, normal sale)
Property info: 4 bedroom, 3 bathroom, 1,856 square feet
Monthly rent collected: $1,700
Property taxes: $96
Home Owners Association: $0
Property management fees: $170
Monthly expenses (conservatively estimated)
Vacancy (7%): $119
Repairs (5%): $85
Total Monthly Expenses- $550 ( again, low like last week- we obviously like this)
Net Income = Income – Expenses = $1,150 ! Wooot: imagine what you could do with this cash-flow each month… comment below if you’re so inspired!
Cap Rate =11.04%
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 amazing property – or seeing others like it, just contact Ali at firstname.lastname@example.org – we’ll get right back to you!