BiggerPockets

Quick and easy rehab project for the right investor.

This is a property that will Cash Flow at almost a 16% projected cap rate. It is a great property to fix and rent.

Wholesale price - $100k
Monthly Rent - $2,200 total (1,100) per unit.

Cost of Rehab left - $25,000 includes flooring, kitchen, bathroom, trim work...

2,200(monthly rent)x12(months)= 26,400 (Yearly Gross Revenue)

26,400(Gross Revenue)-
4,000 (taxes)-
2,000 (Maintenance and insurance) =

20,400

20,400/ 130,000( Purchase with rehab and closing costs)= 15.8% Cap Rate.

Postlets link: http://www.postlets.com/repb/8659205

Pics: http://tsqlink.us/newark

Call me at 732-535-7795 to schedule a showing.

Hey Ibrahim

I'll PM you the address.

Yes there is a living room but no dining room.

Roof and all piping is brand new.

Thanks.

What ward is the asset located within?

Hey @Talha Shahid - I'd love if you could jump in and answer @Ibrahim S's questions from above. Thanks!