Project Description
19 Hargrove Ln, Willingboro, NJ 08046
Call (609) 256-6111
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Wholesale Price: $76,500.00
Option #1: Passive Income Rental
Yearly Net Cash Flow: $10,481.00
Cap Rate: 10.63%
Option #2: Fix & Flip
After Repair Value: $145,000.00
Projected Net Profit: $50,910.00
OPTION #1: PASSIVE INCOME RENTAL
| Investment Type | Cost |
| Wholesale price | $76,500.00 |
| Rehabilitation cost | $20,000.00 |
| Estimated closing costs | $2,104.00 |
| Total Initial Investment: | $98,604.00 |
| Rental Cash Flow (Yearly) | Cap Rate: 10.63% |
| Rental Income @ $1,700/mo | $20,400.00 |
| Vacancy/Maintenance (1 month rent) | -$1,700.00 |
| Utilities (Water Bill) | Tenant Pays |
| Accounting | -$125.00 |
| Landscaping | -$150.00 |
| Leasing commissions (1 month rent every 5 years) | -$340.00 |
| Estimated Insurance | -$600.00 |
| Estimated Taxes | -$5,372.00 |
| Property Management Fee’s (8%) | -$1,632.00 |
|
*8% applies if we are managing a portfolio of 2 or more of your properties. Standard rate is 10%. |
|
| Total Yearly NOI: | $10,481.00 |
Call (609) 256-6111
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OPTION #2: FIX & FLIP
| Investment Type | Cost |
| Wholesale price | $76,500.00 |
| Rehabilitation cost | $35,000.00 |
| Estimated closing costs | $2,104.00 |
| Estimated holding costs | $3,286.00 |
| Estimated selling costs (6% of ARV) | $8,700.00 |
| Total Initial Investment: | $94,090.00 |
| Net Profit Calculation | |
| Estimated After Repair Value | $145,000.00 |
| Total Estimated Investment | -$94,090.00 |
| Projected Net Profit | $50,910.00 |
| Annualized Return (4 mos) | 162.33% |
| Annualized Return (6 mos) | 108.22% |
| Annualized Return (8 mos) | 81.17% |
| Annualized Return (12 mos) | 54.11% |
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY