33 Summer St 2017-03-07T17:52:59+00:00

33 Summer St, Trenton, NJ 08618

2 Beds – 1 Bath – 720 sqft

Buy Now: $41,500
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Rental Revenue (Year)
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Rental Income (Year)
  • Single Family

  • Floor: 720 Sqft

  • Lot: 1,259 Sqft

  • Bedrooms: 2

  • Bathroom: 1

This fully renovated  turn-key property that was recently renovated. The property has a performing tenant paying rent of $850 a month. The property is located few blocks away from the Battle Monument, a historic neighborhood.  After the lease expires you can increase the rent by about $100. The rent in the area for a similar 2 bedroom is $900 – $950.

Estimated yearly income and expenses of all the necessary costs for maintaining the property.

Income

Rental Income: $10,200/year or $850/month

Expenses

Estimated Property Taxes: $1,347/year or $112.25/month

Management Fee: $1020/year or $85/month

Insurance: $600/year or $50/month

Permit: $115/year or $9.58/month (Rental Permit)

Total Expenses: $3,082/year or $256.83/month

Net Income

Net Income: $7,118/year or $593.17/month