Welcome to our “Hot List” 

READ FIRST:
Properties Sorted By Highest to Lowest Cap Rate. In an effort to give you, the Buyer / Investor, the most realistic expectation, we try to calculate on a VERY conservative level. Cap rates may vary. Expenses may vary. Estimates may vary, etc… We feel this is a relatively accurate picture of what one can expect over an extended period of time. All estimates and figures are subject to Buyer’s own due diligence.

  • Spreadsheet Key:
    • Bold: Tenant occupied
    • Italics: Property under contract
    • as-is“: Property sold in it’s current condition. Buyer’s accepting property in “as-is”/”whereis” condition
    • turnkey“: Property has been fully remodeled and ready to go. Not occupied.
    • Est. Cap Rate: This spreadsheet is sorted by the highest cap rate first. The estimated percentage return of net income. (Est. Net Yearly Income / Est. Initial Investment). The cap rates in this column does accounts for (vacancies 10%, repairs 10%) However, it does not take into account mortgage payments.
    • Est. NOI: Estimated Net Operating Income is the estimated income subtracted by estimated expenses. The NOI in this column does account for vacancies @ 10%, and repairs @ 10%. However, it does not take into account any mortgage payments if applicable.
    • Est. Flip Profit: Potential profit or loss if purchasing for resale/flipping
    • Address: The Property Address
    • Price: The Property Price
    • Est. Rehab $: Estimated cost of renovations needed to pass C/O inspections. (our estimated pricing & contractors). If you’re doing the work yourself, if you’re hiring your own people, or hiring us to do the work, the cost will vary
    • Est. Closing $: Estimated cost of fees for closing on the contract
    • Est. Initial: Investment Estimated total cash needed “all in” to get property to pass C/O inspections. (price + closing + rehab)
    • Est. Income/Year: Estimated gross income per year (calculated by 11 months accounting for potential vacancies). Less turnover = higher cap rate for you
    • Suggested Vacancy: Suggested % to set aside to account for high turnover rate in Trenton (est. 10%). Less incidents = higher cap rate for you
    • Utilities: Typically, for a single family property, tenants pay all utilities. For multi-units, may vary.
    • Est. Insurance: Estimated yearly insurance rate (you’re welcome to get your own quotes or we can recommend insurers)
    • Taxes: Property taxes calculated yearly (paid quarterly)
    • Management: Outside In charges 11% as a management fee. Buyer is free to use other management companies or manage themselves.
    • Repairs: This is the percentage that we suggest an landlord set aside in case of damages or repairs needed to a property. While property might not need repairs today, many of these properties are close to if not more than 100 years old and between normal wear and tear, and whatever a tenant might do to the property, if you set this money aside, you’ll more than likely be covered over time for any expenses that come up
    • Lics. Fee: City of Trenton requires a yearly license in order to rent property
    • Est. ARV: Estimated “After Repair Value”. ARV is what we estimate the property can sell for once it is rehabbed.
    • Beds: Amount of Bedrooms in Property
    • Baths: Amount of Bathrooms in Property
    • SF: Square footage of property based on public records
    • Property Type: Type of Property

* ALL FIGURES ARE SUBJECT TO BUYER’S DUE DILIGENCE. The figures and calculations in the spreadsheet are subject to change at anytime based on updated information. 

Fill Out Form Below if You Would Like A Downloadable / Sortable Copy of the Hot List

Fill Out Form Below if You Would Like A Downloadable / Sortable Copy of the Hot List