It has central air.List Price: 49,900 (looking to negotiate closer to 45,000 with closing costs)Monthly Rent: 700 ($50 below market rent to fill fast)Vacancy: -70Management: -70Taxes: -37Insurance: -59HOA dues: -10Maintenance: -100********Monthly cash flow: $354Annual cash flow: $4248Cap Rate: 9.4%Comps in the area for mobile homes are in the 30k-60k range.

Use a conservative vacancy and maintenance percentage rate that you are fairly certain off.

It is a duplex built in 1960 in Westchester County, NY and is a short sale.Listing price: $189,0002br/1bt: $1500, 1br/1bt: $1200Skin in the game (20% down, closing, repairs): $53,606Income - $29,808Gross Income: $32,400Less 8% Vacancy: $2,592Gross Operating: $29,808Expenses - $14,916Tax: $7,407Homeowners: $827Repairs (8%): $2592Heating: TenantElectricity: TenantWater: Not sureTrash: Not sureLawn/Snow: Not surePest: Not sureManagement (12%): $3,888Capex (5%): $1,620AnalysisIncome: $29,808Expenses: $15,564NOI: $14,244Debt service: $8,832Cash flow: $3,792Per month: $316Cap rate: 7.54%CoC: 7.07%I am not sure about the utilities.

Taxes: $166/mo Ins: $70/mo P+I is about $380 Im putting away $150/mo for vacancy and maintenance.

I think I could get it for $127,000 but will assume $139,900 purchase price.Assumed with 8% vacancy rate:20% down and $10,000 in improvements.Estimated NOI: $24,540Cash flow: $17,330Cash ROI: 41.78%It is a great deal with a great return, so I anxiously drove to the city office to find out more information about the property.

Buy an abandoned 2-3 unit on the southeast side (research South Shore, Hyde Park and 60649 area), rehab it and get it zoned as a condo and you're looking at major profits.I hear from @Brianna S that the northside's vacancy rate is excellent.

Get in a 4 unit if you can. 3 tenants paying that mortgage and you live in the 4th unit.Your breakeven occupancy will be better than a duplex or tri-plex and if one leaves 2 more will still be paying versus a duplex where you will have 50% vacancy and have to pay the mortgage all by yourself.

.- I will put away 10% for vacancy and 5% for maintenance per month also.Let me know your thoughts on the numbers and what else I can give here to help people review this.Property 2:- 2 - 4 unit buildings (8 total)- asking price $300,000- rents are $530 and it is also 100% occupied.

Every time I have done this it has ended badly. on the other hand, In my experience, Crime is a factor in these areas and you need to weigh dealing with late and missed rent payments vs. vacancy and risking loss of copper wire and plumbing.

I can see this place having very low vacancy for years to come!