Yahoo to Trenton! Brand new market, the properties are already flying off the shelf (3 sold before we even aired the webinar), and cash flow is ready to be had. The seller is new and excited, the properties look amazing, and we are ready to rock.
So let’s get right to it.
Location: Trenton, NJ.
Built In: 1907 (but fully redeveloped, including plumbing, electrical, you name it)
Purchase price: $68,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 1,068 square feet, 2-stories
Monthly rent collected: $1,125
Property taxes: $261
Property management fees: $113
Monthly expenses (conservatively estimated)
Vacancy (7%): $79
Repairs (5%): $56
Total Monthly Expenses- $559 (a nice even number for you!)
Net Income = Income – Expenses = $566
Cap Rate = 10.00%
annual net income (non-inclusive of mortgage payment) / purchase price
Cash-on-cash return =
Depends on your leveraging.
- 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 email@example.com. Take the plunge: you won’t regret it!