Sold, Sold 2016 - 2-4 Unit
- Sale Price :$510,000
- Gross Rents:$6,500
- Cash Flow ( 20% Down Loan ):$2,684
- Net Rents ( Less Expenses ):$4,724
- Cap Rate: 11.11%
- Number of Units: 4
- Cash Flow (Low Money Down Loan): $2,059
- Cash on Cash ( Low Money Down Loan): 96.89%
- Cash on Cash ( 20% Down Loan ): 31.57%
S and I spent almost a year looking for a good property and could not find the perfect one. So when this property came up we moved really fast and saw it and submitted a full priced offer before anyone else had even seen it! It was a bumpy road with lots of challenges to get to closing, but totally worth it. The property was vacant and S was able to get three of the units rented within two weeks of closing for higher than I estimated.
“After 1 year, 50 showings, 10 offers, 3 offers over list, I FINALLY went under contract on a GRAND SLAM property in Jefferson Park.