Fix and Rent – Wholesale Investment Property
All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.
This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
17 Amboy Ave, Roebling NJ 08554
Wholesale Price: $69,000
After Repair Value: $115,000
Yearly Net Cash Flow: $9,679
Cap Rate: 11.27%
Property Information
Building Type: Residential
Bedrooms: 3
Bathrooms: 1
Real Estate Tax: $2,776
Occupancy: Vacant
Parking: Street Parking
Construction Details:
Façade and Exterior: Aluminum
Roof: Shingle
Electric: Breakers
Laundry: Basement
Heating: GasP
lumbing: 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 $69,000.00
RepairAmount $15,000.00
Estimated closing costs $1,897.50
Total Initial Investment: $85,897.50
Rental Cash Flow (Yearly) Cap Rate: 11.27%
Rental Income @ $1,375/month $16,500.00
Vacancy/Maintenance (1 month rent) -$1,375.00
Utilities (Water Bill) -$0.00
Accounting -$125.00
Landscaping -$150.00
Leasing commissions -$275.00
(1 month rent every 5 years)
Estimated Insurance -$800.00
Estimated Taxes -$2,776.00
Property Management Fee’s -$1,320.00
Total Yearly NOI: $9,679.00