In a market that sees fewer possibilities for the profitable flip, it's time to look at a new investment portfolio to succeed. With the rental market strong and the general buying market still lower priced a good buy and hold is a great alternative. For instance if you have a building with 4 rental apartments and one needs a turnover, it won't be as financially burdensome as a finished house that does not sell right away. With a city filled with different neighborhoods and possible tenants the sky is the limit.
I'd like to showcase my listing in the Southwest area of the city. Just a block from University City and the lovely Clark Park, this 5 unit is an amazing buy. Priced at $319,000 with a monthly income of over $3500.00 the cap rate is at 11.81 %. With rates hovering where they are now, you can own this property with 20% down and a monthly mortgage of under $900.00 per month. Comes with a full one year home warranty and has not had an empty apartment in the 4 years. Very close to all the top universities. Your rental income in just 5 years is over $210,000 with tax benefits as well. What a perfect spot to always create demand for housing. Please call for more information and building your portfolio today! (215) 510-4921
Author:Natasha Mtshali Phone: 215-908-8204 Dated: September 18th 2012 Views: 3,896 About Natasha: ...
We are very excited to present SPACE & COMPANY, a boutique real estate brokerage dedicated to re-thinking real estate in Center City , Philadelphia. Our business model, characterized by a commitment to our local community, green living and technology, provides a unique perspective for our clients and agents. Educating our agents on quickly changing market trends and supporting their use of the latest technological tools is a priority.
At SPACE & COMPANY we continue to embrace our forward thinking, results-oriented marketing. Things have changed drastically for the real estate industry in the past few years. Given this, we are not content to provide the status quo – we will continue to strive to be a step ahead, offering creative solutions that speak for themselves.