125 Michigan Rd
Pennsville, NJ 08070
List Price
$124,000
Initial Investment
$35,689Purchase Price
$124,500
Down Payment
25%
Rent
$1,205
Total Return
$29,021
Annualized Return
11.3%
Cap Rate
3.6%
Gross Yield
11.6%
Cash Flow
-$3,034
Appreciation
6.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
02/27/2020
Lease End
02/28/2021
Lot Size
10,001
HOA
None
Flood Risk
High Risk - Zone AE
- Property currently operates as a 2 bed/1 bath, the finished attic is being used as a bedroom
- 3.5-star neighborhood
- Approx. 23 min to Wilmington and 60 min to Philadelphia
- Admin fee included in monthly rent of $5
- Seller recently made repairs on home, view inspection documents for more info
See more in Analysis
Annual Financial Highlights
Expected Rent
$13,737Expenses
-$4,803Property Taxes
-$5,200Loan Payments
-$6,768Net Cash Flow
-$3,034See more in Financials
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