Need advice to analyze 6 bundle deals in forest park IL

[Lynn Por]

Hi, This is Lynn . I just receive this potential deal and is interested to take action . 

Please give me some input . Thank you ! My concerns are: is it consider safe to invest forest park ? Is it easy to rent out ? 

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6 deals in park forest being sold as a bulk package. Earn an income of 55,000 per year and 22 percent cash on cash return.

We have 6 deals in park forest all single family homes in good condition need minimal work. For only 36,000 a piece. You can rent each property section 8 1100 to 1300 per month each property 2 homes are already rented currently generating $2800 in section 8 income.

450 Tomahawk Park Forest IL Good condition already rented no work needed

407 Watseka Park Forest iL Good condition already rented no work needed

401 WInnemac Park Forrest IL Good condition no work needed

353 Marquette Park Forest IL Good condition minor work needed

239 Allegheny Park Forest IL Good condition minor work needed

226 Arrowhead Park Forest IL Good condition minor work needed

Click here for pictures Buy and Hold numbers Purchase price $215,000 Rehab $30,000 Operating expenses $22400 (taxes, insurance, utilities) Vacancies/maintenance $11800 Rental income $6600 per month, $79200 per year. Net cash $55,000 per year!Cash on cash return on 23 percent

[Carolina E.]

@Lynn Por just friendly advice, it is usually not good to put the addresses out unless you have it under contract or they are mls deals.  

I would recommend you make sure you have the correct numbers for taxes, they are pretty high in that area.  Also, make sure you know the town rules about renting.  I believe they require inspections.