Arlington Heights, IL · Member since 2017 · 8 posts · 4 votes
Cash deal for sale!
Summary: Contract to buy a brick 2 bed, 1 bath SFH in need of rehab and will guarantee a great rental return.
Ideal strategy for buy and hold cash investors that will put in the work to make this house a great addition to their portfolio.
Contract Price: $21,000 Retail Value: $65,000
2016 taxes: $3,400 Area cap rate: 15% - 25% Expected cash on cash return: 18% in first 12 months rented Estimated repair costs: $15,000 - $25,000 (variable depending on the investor)