$$MAKE AN OFFER NOW BECAUSE IT'S CURRENTLY RENTED **THIS IS FOR BUYERS WHO CAN SIGN A CONTRACT BY THURSDAY 12PM @ WORST** 143 Hoffman Ave Trenton, NJ 4 Bedroom 1.0 Bathroom 1,360 sqft on 2,500 sqft lot --Rents right now $1,000/month with tenant in place --Hardwood Flooring is READY --Bathroom is READY --Electrical Wiring is READY --Plumbing is READY --Backyard is READY MINOR TOUCH UPS are: -roof patch -fresh paint -seal the creases of basement to prevent water during heavy rain -toilet may need to be repaired -possible carpeting upstairs that's it...no seriously. THAT's IT. Asking Price: $25,000 Estimated Repair: $3,000 (possibly less) Estimated Closing:$800 Total Estimated Investment: $28,800 Gross Rent: $1,000 per month = $12,000 - 20% for Vacancy & Maintenance -10% for Management -$2,700 for taxes -$800 for insurance Projected Net Income: $4,900 per year Projected Cap Rate: 17%
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