Trenton-December-2014So- 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. 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!

Duplex

Location: Trenton,NJ.

Built In: 1921 (but fully renovated!)

Purchase price: $85,000

Property info: 3 bedrooms, 2 bathrooms, 1,593 square feet, 2+ stories

Income

Monthly rent collected: $1,700

Expenses

Monthly expenses (conservatively estimated)

Property taxes: $350

Insurance: $75

Property management fees: $170

Vacancy (7%): $119

Repairs (5%): $85

Total Monthly Expenses- $799

Net Income = Income – Expenses = $901

Advanced Numbers

Cap Rate = 12.73% %

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!

Leave a Comment

Your message.

Who are you?