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Joe P.
  • Philadelphia, PA
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Trying to determine costs

Joe P.
  • Philadelphia, PA
Posted Jan 8 2018, 19:39

Hi all - thinking of putting in an offer on a property in South Jersey. I am having trouble hearing back from the seller on some of the costs of the property so I'm trying to get a sense of what costs I might encounter. I so very much want to put an offer on the property and I've estimated some costs, but would like to get some calibration from other landlords/homeowners.

The owner pays:

Heating for 2 units (a 2 BR/3 BR) - I estimate this to be $1200 per year ($600 for each unit)

Common electric - Assuming $600 per year ($50 per month)

Water - Assuming $1800 per year ($150 per month for both units)

Sewer-  Assuming a flat charge, but unsure, assuming $600 per year for the property

Garbage - Not sure if there is a garbage cost in NJ, but assuming $500 per year for the property

I have other expenses already lined up, e.g. PITI, CAPEX, Vacancy, Maintenance, etc. Just looking to align some of the "township" costs based upon what other New Jersey residents/landlords may be paying.

Thanks in advance!

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