Project Description
6 Bloomfield Lane Willingboro, NJ 08046
Call (609) 256-6111
– OR –
Wholesale Price: $71,500
After Repair Value: $150,000
Yearly Net Cash Flow: $9,432
Cap Rate: 10.66%
| Investment Type | Cost |
| Wholesale price | $71,500.00 |
| Rehabilitation cost | $15,000.00 |
| Estimated closing costs | $1,966.00 |
| Total Initial Investment: | $88,466.00 |
| Rental Cash Flow (Yearly) | Cap Rate: 10.66% |
| Rental Income @ $1,550/mo | $18,600.00 |
| Vacancy/Maintenance (1 month rent) | -1,550.00 |
| Utilities (Water Bill) | Tenant Pays |
| Accounting | -125.00 |
| Landscaping | -150.00 |
| Leasing commissions (1 month rent every 5 years) | -310.00 |
| Estimated Insurance | -800.00 |
| Estimated Taxes | -4,745.00 |
| Property Management Fee’s (8%) | -1,488.00 |
| *8% applies if we are managing a portfolio of 2 or more of your properties. Standard rate is 10%. | |
| Total Yearly NOI: | $9,432.00 |