Property Description:
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229 Church St, Trenton, NJ 08618
Wholesale Price: $24,500
After Repair Value: $78,000
Yearly Net Cash Flow: $9,192
Cap Rate: 16.66%
Property Information
Building Type: Single Family
Bedrooms: 3
Bathrooms: 1
Real Estate Tax: $1,541
Occupancy: Vacant
Parking: Street Parking
Construction Details:
Façade and Exterior: Aluminum
Roof: Shingle
Electric: Breakers
Laundry: Basement
Heating: Gas
Plumbing: PEC
Zoning: Residential
Projected Financials: The following pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research.
Passive Income Rental
Investment Type Cost
Wholesale price $24,500
Repair Amount $30,000
Estimated closing costs $673
Total Initial Investment: $55,173
Rental Cash Flow (Yearly) Cap Rate: 16.66%
Rental Income @ $1,200/mo $14,400
Vacancy/Maintenance (1 month rent) – $1,200
Utilities (Water Bill) $0.00
Accounting $125
Landscaping $150
Leasing commissions (1 month rent every 5 years) $240
Estimated Insurance $800
Estimated Taxes $1,541
Property Management Fee’s (8%) $1,152
*8% applies if we are managing a portfolio of 2 or more
of your properties. Standard rate is 10%.
Total Yearly NOI: $9,192