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Updated over 3 years ago on . Most recent reply

Modeling assumptions for NJ Market?
My first investment property, so appreciate the feedback. Looking at 2B condos. Everything I'm modeling out is in the red so far...looking at Hackensack, Cliffside Park, Teaneck, and North Bergen. Thoughts on the assumptions I'm making?
Vacancies: 6.6%
Credit Loss: 1%
Expense growth rate: 3%
Cap ex: $100/mo
Insurance: $150/mo
Leasing/ad fees: $50/mo
Most Popular Reply

@Jonathan Greene well said, thanks for the insight!