89-93 Penn St
Penns Grove, NJ 08069
List Price
$69,000
Initial Investment
$21,411Purchase Price
$70,500
Down Payment
25%
Rent
$1,330
Total Return
$28,545
Annualized Return
20.2%
Cap Rate
8.7%
Gross Yield
22.6%
Cash Flow
$1,385
Appreciation
5.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/01/2020
Lease End
02/28/2021
Lot Size
14,623
HOA
None
Flood Risk
Not Required
- New 12-month lease just signed 3/1/2020 (100% Rent paid by HUD)
- Includes additional vacant lot (complete address 89-93 Penn St)
- 15 mins from Philadelphia and 10 mins from Delaware
See more in Analysis
Annual Financial Highlights
Expected Rent
$15,162Expenses
-$5,444Property Taxes
-$4,500Loan Payments
-$3,833Net Cash Flow
$1,385See more in Financials
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