What's Available Wednesday? Philadelphia!We are back in the city of brotherly love… with brand new terms available! Properties have tenants in place as a condition of closing, you can purchase with all cash or a mortgage, and your property will be managed by one of the largest and most reputable PM companies in Philly!

Are you ready to check out this property? It has $609 cash in your pocket each month (conservatively estimated!). Not to mention a scope of work warranty and a rental guarantee for the first year of ownership.

Check out the latest deal we found and add it to your portfolio! Just email Melissa at melissa@hipsterinvestments.com and we’ll get right back to you to get you the property or one like it.

Single Family Home

Location: Philadelphia,PA

Built In: 1926 (fully renovated with a tenant in place as condition of closing)

Purchase price: $90,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 1 bathroom, 1,380 square feet, 2 stories

Income

Monthly rent collected: $950

Expenses

Monthly expenses (conservatively estimated)

Property taxes: $86

Insurance: $65

Property management fees: $76

Vacancy (7%): $67

Repairs (5%): $48

Total Monthly Expenses- $341

Net Income = Income – Expenses = $609

Advanced Numbers

Cap Rate = 8.12%

Cash-on-cash return =

Depends on your leveraging

Special Terms:

  • First 6 Months of Ownership: Scope of Work Warranty – Property manager will cover all labor and materials for any maintenance required during your first 6 months of ownership if you use the Seller’s Preferred Property Management Company.
  • First Year of Ownership: 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 if you use the Seller’s Preferred Property Management Company.

If you are interested in this amazing property – or seeing others like it, just contact Melissa at melissa@hipsterinvestments.com – we’ll get right back to you!

Click here to see Latest Good Deals

Leave a Comment

Your message.

Who are you?