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