428 Klagg Ave, Trenton, NJ 08638
3 Beds – 1 Bath – 952 sqft
428 Klagg Ave (Trenton)
Single Family | 3 Bedroom & 1 Bathroom | 952 sqft
Price: $65,000
Fully renovated property with a great tenant paying $1,200 rent every month. The CAP rate for this property is particularly high because of low taxes.
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Rent Rent: $1200
Expenses Property Tax: $125/month Property Insurance: $50/month Management Fee: $50/month Permit: $115/year (Pay only once a year) Total Expenses: $234/month
Annual Income: Rent: $14,400/year Expenses: $2,817/year (Property Tax, Insurance, Permit & Management Fee) Net Income: $11,583/year or $965 month Cap Rate: 17.5%
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