South Jersey Rental Analysis

[Account Closed]

Hi Everyone,

I wanted to post an analysis of a typical turnkey rental deal in South Jersey. This the average deal I find. There are better ones at times and its always good to run comps on a property so you know what price is good for the town and type of property. 

Duplex in Audubon (both 2br 1 bath):

Purchase Price- 110,000

ARV- 160,000-180,000

Rents Currently- unit 1- 850 Unit 2- 1000

Re-preformed rent- 1000 a unit

Current Monthly rent- 1850

Monthly Expenses- 1513.98

Monthly Cash Flow- 336.02

Cash on Cash ROI- 10.21%

Let me know any other numbers you might want to see,

William Lees Jr

[Account Closed]

Hi @Rafael Norat,

This property would need some work, but not to have renters into it. To re-preform the property for the higher rent you would need to put in maybe 15,000-20,000. The typical taxes in the area are between 5000-7000. I primarily work with investors, I have built a team around me accordingly that can support anything an investor would need to get the deal done and performing. I have three property management companies that I work with in the area. I base which one I'd recommend off of the deal. As far as lenders go, I have a wide variety that I work with again basing who I refer off the deal and strategy the investor wants to use. I like being a source of information for investors so please ask me any questions you may have.

Talk soon,

William Lees Jr