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