What's Available Wednesday? Chicago!We are back again in Chicago, with a 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 $535 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: 1953 (fully renovated)

Purchase price: $101,900 (not a foreclosure, normal sale)

Property info: 3 bedrooms, 1.5 bathrooms, 1103 square feet, 1 story, 1 car parking

Income

Monthly rent collected: $1,450

Expenses

Monthly expenses

Property taxes: $442

Insurance: $51

Property management fees: $125

Monthly expenses (conservatively estimated)

Vacancy (7%): $92

Repairs (5%): $66

Total Monthly Expenses- $775

Net Income = Income – Expenses = $535

Advanced Numbers

Cap Rate = 6.30%

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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