W Cermak Rd & S Damen Ave, Chicago, IL 60608, USA
Sold, Sold 2016 - 2-4 Unit
- Sale Price :$515,100
- Gross Rents:$4,850
- Cash Flow ( 20% Down Loan ):$1,211
- Net Rents ( Less Expenses ):$3,271
- Cap Rate: 7.62%
- Number of Units: 4
- Cash Flow (Low Money Down Loan): $580
- Cash on Cash ( Low Money Down Loan): 27.03%
- Cash on Cash ( 20% Down Loan ): 14.10%
E and I started working together knowing that this would not be his last property. So we went into it all planning for the second property and making sure the first would be a stepping stone and setting him up for a second within 18 months. We found an off-market listing in Pilsen that was recently rehabbed and fully tenanted. E was able to take over the property pretty quickly and start cash flowing from day one!
