What's Available Wednesday? Chicago!We are back again in Chi-town, as the locals call it, with a beautiful single family  that’s been fully renovated and has a tenant in place as condition of closing.

This one is truly an amazing deal – and puts $779 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 the #1 most diversified economy in the US, chock full of colleges, hospitals, Fortune 5oo employers… And most importantly, there are 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.

Single Family

Location: Chicago, IL.

Built In: 1956 (fully renovated)

Purchase price: $115,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 2 bathrooms, 1,021 square feet, 1 story, 2 car parking

Income

Monthly rent collected: $1,600

Expenses

Monthly expenses

Property taxes: $450

Insurance: $54

Property management fees: $125

Monthly expenses (conservatively estimated)

Vacancy (7%): $112

Repairs (5%): $80

Total Monthly Expenses- $821

Net Income = Income – Expenses = $779

Advanced Numbers

Cap Rate = 8.13%

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

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 90-Day Scope of Work Warranty
  • 6-Month HVAC 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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