Bolingbrook Rental Property

[Jake McVey]

Investment Info:

Townhouse buy & hold investment in Bolingbrook.

Purchase price: $138,000
Cash invested: $24,000

My wife and I purchased this as our first home planning on making it a rental when it came time to move out. We renovated it, refinanced and took out all of the money we originally invested in it, moved out 4 years later to turn it into our first rental! Rents at $2200/month, HOA manages the community extremely well including all of the exterior maintenance, and we locked in a 2.99% interest rate making this cash-flow better than we could have ever expected!