Project Description
265 Lafayette Ave, Hamilton, NJ 08610
Call (609) 256-6111
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INQUIRE ABOUT THIS PROPERTY
Wholesale Price: $83,000.00
Option #1: Passive Income Rental
Yearly Net Cash Flow: $9,327.00
Cap Rate: 9.59%
Option #2: Fix & Flip
After Repair Value: $165,000.00
Projected Net Profit: $36,446.00
OPTION #1: PASSIVE INCOME RENTAL
| Investment Type | Cost |
| Wholesale price | $83,000.00 |
| Rehabilitation cost | $12,000.00 |
| Estimated closing costs | $2,283.00 |
| Total Initial Investment: | $97,288.00 |
| Rental Cash Flow (Yearly) | Cap Rate: 9.59% |
| Rental Income @ $1,600/mo | $19,200.00 |
| Vacancy/Maintenance (1 month rent) | -$1,600.00 |
| Utilities (Water Bill) | Tenant Pays |
| Accounting | -$125.00 |
| Landscaping | -$150.00 |
| Leasing commissions (1 month rent every 5 years) | -$320.00 |
| Estimated Insurance | -$600.00 |
| Estimated Taxes | -$5,542.00 |
| Property Management Fee’s (8%) | -$1,536.00 |
|
*8% applies if we are managing a portfolio of 2 or more of your properties. Standard rate is 10%. |
|
| Total Yearly NOI: | $9,327.00 |
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY
OPTION #2: FIX & FLIP
| Investment Type | Cost |
| Wholesale price | $83,000.00 |
| Rehabilitation cost | $30,000.00 |
| Estimated closing costs | $2,283.00 |
| Estimated holding costs | $3,371.00 |
| Estimated selling costs (6% of ARV) | $9,900.00 |
| Total Initial Investment: | $128,554.00 |
| Net Profit Calculation | |
| Estimated After Repair Value | $165,000.00 |
| Total Estimated Investment | -$128,554.00 |
| Projected Net Profit | $36,446.00 |
| Annualized Return (4 mos) | 85.06% |
| Annualized Return (6 mos) | 56.70% |
| Annualized Return (8 mos) | 42.53% |
| Annualized Return (12 mos) | 28.35% |
Call (609) 256-6111
– OR –
INQUIRE ABOUT THIS PROPERTY