GREAT INVESTMENT IN SOUTH AMBOY NJ (NOI) $21,122

[Vita Dementchoukova]

Summary: Single family home that needs hardly any
rehab. Tenant can move right in! Flip or hold for rental
income cash flow. Solid house at a great price.

3 Bed, 1.5 Bath

Real Estate Tax: Yearly $6,256/Monthly $521.33

1,718 sq. ft.

Lot size: 2,665 sq. ft.

Occupancy: Vacant

Parking: Detached garage and driveway

Built in 1914

Basement: Finished

EST. YEARLY RENTAL INCOME ($2,875 = $1400 + 800 + 675) $34,500

EST. YEARLY VACANCY (5%) -$1,725

EST. YEARLY RENTAL INCOME $32,775

EST. UTILITIES -$1000

EST. INSURANCE -$1000

EST. TAXES -$4,738

EST. PROPERTY MANAGEMENT (10%) -$3,277

EST. REPAIRS (5%) -$1,638

EST. NET OPERATING INCOME (NOI) $21,122

ESTIMATED ROI (based on Est. Total Initial Investment of

$154,692 (turnkey price + rehab cost + holding cost) 13.7%