$185,000
XX E 29th Rd , Seneca, IL 61360
Current Rent **
$1,700
Projected Rent **
$1,700
Seneca, IL, Leaseback Opportunity with $22,100 in Pre-Paid Rent
This property offers a secure and stable investment opportunity with a solid five-year lease in place, guaranteeing consistent rental income over the long term. Such stability makes it easier to plan your finances and focus on other investment opportunities.
In addition, the current owners' familiarity with the property is a valuable asset. Their experience helps reduce maintenance issues and minimizes the chances of tenant turnover, making this an even more attractive investment.
Asking Price: $185,000
Estimated Market Value: $240,000
Discount: $55,000
Total Seller Prepaid Rents: $22,100
Immediate Cash Flow: $77,100 (Equity + Pre-Paid Rent)
For additional details about this property send me a message
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Location:
XX E 29th Rd , Seneca, IL 61360
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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