Project Description
228 Emory Ave, Trenton, NJ 08611
Call (609) 256-6111
– OR –
Wholesale Price: $53,000
After Repair Value: $58,000
Yearly Net Cash Flow: $7,224
Cap Rate: 12.25%
Investment Type | Cost |
Wholesale price | $53,000.00 |
Rehabilitation cost | $4,500.00 |
Estimated closing costs | $1,458.00 |
Total Initial Investment: | $58,958.00 |
Rental Cash Flow (Yearly) | Cap Rate: 12.25% |
Rental Income @ $1,600/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 | -3,509.00 |
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: | $7,224.00 |