40 Penn St Penns Grove, NJ 08069
3bd, 1ba | 1,040sqft | Built in 1955
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Initial Investment
$70,570
List Price: $68,000
Purchase Price
$68,000
Down Payment
100%
Rent
$1,200

Total Return
$34,323
Annualized Return
9.3%
Cap Rate
8.7%
Gross Yield
21.2%
Cash Flow
$5,068
Appreciation
3.6%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
08/04/2017 
Lease End
08/04/2019 
Lot Size
5,240 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate, meets 1% rule
  • Priced below market value
  • Tenant is Section 8, HUD pays $990 and tenant pays $210
  • 15 miles to downtown Wilmington, Delaware. 30 miles to downtown Philadelphia, Pennsylvania.

Annual Financial Highlight
Expected Rent
$13,680
Expenses
-$4,812
Property Taxes
-$3,800
Loan Payments
$0

Net Cash Flow
$5,068
Considerations
Property Characteristics    View Details

Roofstock Guarantee
Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
  • All properties come with our 30-day money back guarantee
  • Enjoy guaranteed rent on vacant properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes properties with more than 2 units (duplex, triplex, fourplexes), commercial properties and Roofstock portfolios.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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