Updated almost 10 years ago on . Most recent reply
South Jersey Rental Analysis
Hi Everyone,
I wanted to post an analysis of a typical turnkey rental deal in South Jersey. This the average deal I find. There are better ones at times and its always good to run comps on a property so you know what price is good for the town and type of property.
Duplex in Audubon (both 2br 1 bath):
Purchase Price- 110,000
ARV- 160,000-180,000
Rents Currently- unit 1- 850 Unit 2- 1000
Re-preformed rent- 1000 a unit
Current Monthly rent- 1850
Monthly Expenses- 1513.98
Monthly Cash Flow- 336.02
Cash on Cash ROI- 10.21%
Let me know any other numbers you might want to see,
William Lees Jr