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.

Single-Family Home

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

Income

Monthly rent collected: $1,125

Expenses

Monthly expenses

Property taxes: $261

Insurance: $50

Property management fees: $113

Monthly expenses (conservatively estimated)

Vacancy (7%): $7902_1

Repairs (5%): $56

Total Monthly Expenses- $559 (a nice even number for you!)

Net Income = Income – Expenses = $566

Advanced Numbers

Cap Rate = 10.00%

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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