This fully renovated turn-key property with new flooring, heating, plumbing, appliances and freshly painted is in located in Trenton, NJ. The estimated rent of this property is $900 a month. The property has an high CAP rate and is estimated to return $7,583 a year or $631.92 a month to its investors.
Estimated yearly income and expenses of all the necessary costs for maintaining the property.
Rental Income: $10,800/year or $900/month
Estimated Property Taxes: $1,502/year or $125.17/month
Management Fee: $1000/year or $83.33/month
Insurance: $600/year or $50/month
Permit: $115/year or $9.58/month (Rental Permit)
Total Expenses: $3,217/year or $268.08/month
Net Income: $7,583/year or $631.92/month