trenton-real-estate-for-investorsSo- Hipster fell in love: with Trenton, NJ…. What do we find so attractive about this city located between New York and Philly? Everything! The location is just right: poised for real growth in an in-demand locale. Unemployment is significantly low here.

Lots of stable renters. Timing is everything and right now Trenton has some incredible low buy-in deals and some   excellent no-hassle properties for you to choose from. Side note: like us, Barbara Corcoran loves Trenton too – and we think you will 😉 Today’s property comes with a tenant in place as a condition of closing and free tenant replacement (no leasing fee) during your first year of ownership!

Single-Family Home

Location: Trenton,NJ.

Built In: 1970 (but fully redeveloped, including: plumbing, electrical, you name it)

Purchase price: $70,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 1 bathrooms, 1,200 square feet, 2+ stories

Income

Monthly rent collected: $1,200

Expenses

Monthly expenses (conservatively estimated)

Property taxes: $250

Insurance: $50

Property management fees: $120

Vacancy (7%): $84

Repairs (5%): $60

Total Monthly Expenses- $564

Net Income = Income – Expenses = $636

Advanced Numbers

Cap Rate = 10.90 %

annual net income (non-inclusive of mortgage payment) / purchase price

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 year maintenance guarantee
  • Free tenant replacement (no leasing fee) during the first year of ownership

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.
Take the plunge: you won’t regret it!

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