All Forum Posts by: Sixuan Chen

Dear all,

I'm looking to invest in at least 1 property in North Chicago (around Rogers Park and Evanston) area in 2021 so I'm screening deals on MLS. Now I'm find a property whose potential ROI seems unbelievably high (property tax and HOA fee seems suspiciously low) and I wonder if I miss any factor to consider. Here are the info on MLS:

Address and type: 7656 N Bosworth Ave. Townhouse, 3b1b

Age and size: 60+ years, 1400 sqft

Listing Price: $187,000

Estimate monthly rent: $2150

Property Tax: $801, HOA fee: 0

Estimate insurance cost: $900/month

Repair, Vacancy, CapEx (5% rent)

Estimate CoCROI = 26%

Do I miss anything here? How can I confirm the tax and HOA fee number?

Thanks!