$26,900
378 Morse St, Camden, NJ 08105
Current Rent **
N/A
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Medium
Awesome Cash Flow Opportunity
Looking for an investment property in the desirable Marlton section of Camden? Look no further! We've got you covered. This house features a great amount of space for families and roommates to live near local transportation. This property is about a 2 minute walk from shopping centers, transportation and other attractions in the city. Also, this property is conveniently located 5-10 minutes from Cherry Hill Mall! Its in a prime location. With a little bit of work this property is ready to start Cashflowing. Rent comps in this neighborhood for a 3/1 are $1200-$1400. Section 8 pays $1500/month for similar properties. Give us a call today to check it out!COMPS:"519 Randolph Street" sold 10/31/18 $87,000 (0.5 mi)"473 Randolph Street" sold 5/8/18 $85,250 (0.4 mi)ARV (if you decide to sell) $86,125Repairs: $20,000Asking Price: $26,900Potential Profit: $39,225
Potential Rental Income: $1500/month
Location:
378 Morse St, Camden, NJ 08105
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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