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.
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