Trenton NJ - 16% Cap for only 19k (Tenant in place)
Hey Guy, We have a deal right now in Trenton NJ. This house is in pretty good shape, and has a tenant in place at $700 per month. That give it a 16% Cap Rate based on our number. As you increase the rent to market your return will only go up.
Give me a buzz if you want to check it out.
Thanks,
Stephen Chatto
267-580-9017
P.S. Here is some info on Trenton, NJ
LOCATION & TRANSPORTATION: Trenton is phenomenally located, positioned right between Philadelphia and New York. Head down to the recently renovated train station and you are in either city in about 1 hour. That's not the only transportation choice as the River Line is another great way to get around.
DEMAND FOR HOUSING: Trenton being the capital of NJ has a great majority of state jobs. Trenton also borders Pennsylvania. In 2011 a law was passed that all state workers are required to live in NJ effectively cutting off any chance for those people to seek housing across the bridge in PA. The city of Trenton partnered with the NJ Housing and Mortgage Finance Agency and instituted a Live Where you Work Program so that people who work in Trenton can obtain Low-Interest Mortgages to purchase a house in Trenton.
INVESTMENT IN THE CITY: In recent years Trenton has seen a lot of investment in the city. The train station has been rehabilitated, the Roebling Market, New Court House, Thomas Edison State College Expansions and New Residential construction throughout the city.
Why Be a Landlord in Trenton, NJ?
1)Phenomenal return on investment.
2)Housing prices are still very low.
3)Streamlined and fair eviction process.
4)A strong rental market with high rents.
Act now to take advantage of one of real estate's best kept secrets before it's too late.
The Trenton real estate market is on FIRE! With the average purchase price very low and the average rent payments very high; Trenton NJ is the number one buy and hold market in the country today. Where else can you purchase a property and fix it up for a total of $65,000 and rent it out to a tenant paying $1,200 a month?
This is why many of our out-of-state investors are flocking to this city and taking advantage of the phenomenal returns. We are providing our investors with CAP Rates upward of 10% on a consistent basis.
This is why you must act fast and take action now. Once the word gets out, it will only be a matter of time until the prices go up and these insane returns on investment begin to diminish.