Investment Info:

Single-family residence buy & hold investment in Pennsauken Township.

Purchase price: $80,000
Cash invested: $10,000

This property was bought from a wholesaler and purchased as a turnkey with a tenant already present.
The unit was funded with OPM and financed through an HML with some PML as a gap. Minor cosmetic repairs have to be made and there is a value add opportunity with the addition of a condenser for HVAC. Rent increase of $50 barely hurts the tenant and increases the cash flow to $450 after lease expiration. The tenant has already requested another long term lease.