Great Buy and Hold Property for pennies. Only $15,500 For a Brick Bungalow.Brick Bungalow located in Englewood. Selling for pennies only $15,000. Great buy and Section 8. Can be rented for $1200 per month Section 8. Needs an estimated $20,000 in repairs to make rentable. Taxes are only $1,200 per year.The Numbers:Purchase Price 15,500Repairs: $20,000Closing costs: 1500Rental Income $14,400Operating expesnes utilies, insurance, taxes, property management: $4560Vacancy/Repairs; $1440Net Income per year: $8400 per yearCash on cash return 23 percent return !Comparables:Tax Assessed value $91,000Zestimate $90,0007128 S Damen Ave Chicago IL sold 11/19/2013 $79,0006404 S. Winchester Ave Chicago IL sold 9/30/2013 $75,0007321 S. Seeley Chicago IL sold 12/26/2013 for $71,000Estimated After repair value is $75,000.Act Fast this will be gone Fast. The first one with a signed contract and 2,000 non refundable earnest money gets the deal.Earnest money required 2,000. non refundableProof of funds required for viewing.Please due your own due diligence.Do you know someone that would buy this deal please forward this email we do compensate for referrals!
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