Turnkey Rental – Wholesale Investment Property
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This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
433 Whittaker Ave – Trenton, NJ 08611
Turnkey Price – $45,479
After Repair Value – $59,563
Yearly Net Cash Flow – $10,213
Cap Rate – 19%
Property Information
Building Type: Duplex
Front Unit Bedrooms: Studio
Front Unit Bathrooms: 1
Rear Unit Bedrooms: 3
Rear Unit Bathrooms: 1
Estimated Real Estate Tax: $4,040.08
Occupancy: Tenant Occupied
Construction Details
Facade and Exterior: Vinyl siding
Roof: Shingle
Electric: Breakers
Heating: Gas
Plumbing: PVC
Laundry: Yes
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
| Investment Type | Cost |
| Wholesale Price | $45,479 |
| Rehab cost
Paint, Carpet |
$5,000 |
| Estimated Closing Costs | $1,191 |
| Total Initial Investment | $51,466 |
| Rental Cash Flow (Yearly) | Cap Rate: 19% |
| Rental Income @ $1600/mo | $19,200 |
| Currently, there are two leases in place | |
| 1. Front Studio – $550 | |
| 2. Rear 3 Bed 1 Bth – $1,050 | |
| Vacancy/Maintenance | $1,632 |
| Utilities (water bill) | tenant responsible |
| Accounting | $125 |
| Landscaping | $150 |
| Leasing Commissions (1 month rent every 5 years) |
$320 |
| Estimated Insurance | $800 |
| Estimated Taxes | $4,040.08 |
| Property Management Fees | $1,920 |
| Total Yearly NOI: | $10,213 |