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Updated about 7 years ago,

John S Lewis's profile image
John S Lewis's profile image
John S Lewis
Pro Member
  • from Jackson, NJ
  • Member since Oct 21, 2017
Connect

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166
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46
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John S Lewis's profile image
John S Lewis's profile image
John S Lewis
Pro Member
  • from Jackson, NJ
  • Member since Oct 21, 2017
Connect
John S Lewis
Pro Member
  • Jackson, NJ
46
Votes |
166
Posts
Buying & Selling Real Estate

Camden Street Trenton NJ - War zone?

John S Lewis
Pro Member
  • Jackson, NJ
Posted

Looking for feedback from my Trenton investors BP'ers about Camden Street.  The house I spoke to someone about today is surrounded by boarded up houses.  It's obviously super cheap.  Has a tenant paying 800 per, month to month.  The cap rate on this is over 22%.  I'm including 10% for both cap-ex reserves and maint & repair.  Thanks for your input.

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