waw-Trenton-2-15So- 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: 1924 (but fully renovated)

Purchase price: $88,000 (not a foreclosure, normal sale)

Property info: 4 bedrooms, 1 bathrooms, 1,599 square feet, 2+ stories, 1 car garage

Income

Monthly rent collected: $1,300

Expenses

Monthly expenses (conservatively estimated)

Property taxes: $379

Insurance: $50

Property management fees: $130

Vacancy (7%): $91

Repairs (5%): $65

Total Monthly Expenses- $715

Net Income = Income – Expenses = $585

Advanced Numbers

Cap Rate = 7.98 %

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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