Project Description
18 Hobart Ave, Trenton, NJ 08629
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY
Wholesale Price: $47,000
After Repair Value: $65,000
Yearly Net Cash Flow: $7,121
Cap Rate: 12.22%
| Investment Type | Cost |
| Wholesale price | $47,000.00 |
| Rehabilitation cost | $10,000.00 |
| Estimated closing costs | $1,293.00 |
| Total Initial Investment: | $58,293.00 |
| Rental Cash Flow (Yearly) | Cap Rate: 12.22% |
| Rental Income @ $1,200/mo | $14,400.00 |
| Vacancy/Maintenance (1 month rent) | -1,200.00 |
| Utilities (Water Bill) | Tenant Pays |
| Accounting | -125.00 |
| Landscaping | -150.00 |
| Leasing commissions (1 month rent every 5 years) | -240.00 |
| Estimated Insurance | -800.00 |
| Estimated Taxes | -3,612.00 |
| Property Management Fee’s (8%) | -1,152.00 |
| *8% applies if we are managing a portfolio of 2 or more of your properties. Standard rate is 10%. | |
| Total Yearly NOI: | $7,121.00 |
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY