Burlington NJ - 17% Cap on the SFR with $500 Per month Cash Flow (After Expenses)

[Stephen Chatto]

Got a cool Little Wholesale deal in Burlington NJ.

A one point this property was rented by the room, Then it was a two family. Now the city will only allow it to be a single family house.

BIG House. But it needs a nice cosmetic makeover. The downstairs bathroom needs to be converted back into a closet. :) The Upstairs kitchen needs to be converted back into a bedroom! Make the other cosmetic repairs and you have a serious CASH COW on your hands. On the HIGH END I would personally put 20k into the house. You could put less... You Could put more... depends on your style.

Looking at the numbers... If your all in for around 35k, you should be bringing in over $500 per month in positive cash flow after all expenses including property management.

So if you like cash flow this may be a deal you want to consider!

Call for details or showing.   Jason or Steve 267-580-9017