Project Description
144 Greenland Ave, Ewing, NJ 08638
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY
Wholesale Price: $85,000.00
After Repair Value: $150,000.00
Yearly Net Cash Flow: $11,068.00
Cap Rate: 11%
| Investment Type | Cost |
| Wholesale price | $85,000.00 |
| Rehabilitation cost | $15,000.00 |
| Estimated closing costs | $2,338.00 |
| Total Initial Investment: | $102,338.00 |
| Rental Cash Flow (Yearly) | Cap Rate: 11% |
| Rental Income @ $2,000/mo | $24,000.00 |
| Vacancy/Maintenance (1 month rent) | -$2,000.00 |
| Utilities (Water Bill) | -$600.00 |
| Accounting | -$125.00 |
| Landscaping | -$150.00 |
| Leasing commissions (1 month rent every 5 years) | -$400.00 |
| Estimated Insurance | -$900.00 |
| Estimated Taxes | -$6,837.00 |
| Property Management Fee’s (8%) | -$1,920.00 |
|
*8% applies if we are managing a portfolio of 2 or more of your properties. Standard rate is 10%. |
|
| Total Yearly NOI: | $11,068.00 |
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY