3 bedroom units rent for an average $1950 per month while 2 bedroom units rent for an average of $1600 per month for a total gross cash flow of $3550 per month. Taxes = $652/month + $50/month insurance + $50/month maintenance = $752/month in expenses. $3550 per month - $752 per month = $2798 per month x 12 months = $33,576/year NET Income / $250,000 purchase price = 13.4% CAP Rate. Don't miss this 5 bedroom, 2 bath total cash flow opportunity in the desirable school district of Cherry Hill!!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
