Turnkey, No Landlord Headaches

Millville, NJ (Cumberland County)
Asking Price: $270,000
Real Estate Details
Listed on Dec 29, 2023

The Numbers

Money from Buyer: $27,000
Amount from Investor: $54,000

BUY: $270,000
SELL: $330,000

TERM: 5-7 years
Cash Flow: ~$600/mo

ROI: ~40%
PROFIT: ~$87,500

The tenant buyer is a paralegal and currently owns a multifamily rental and rents where she lives. She wants to buy a primary residence to provide a better environment for her child. She can afford the payment with her current income and has cash reserves. Her fiance also makes good money but we are not using his income in our underwriting.

She is already approved for a home loan of $100k through Navy Federal and needs to increase her credit score and lower her DTI to increase her purchasing power and be approved for a $200k-$300k home loan. Ideally, she is looking for a mid-term Contract for Deed Agreement.

The Hybrid REI Model Gives Real Estate Investors What They Want!

Cash Now: We bring you a property with a vetted resident ready to move in the day you close. They pay a non-refundable option fee to purchase the property. And the best part is you own the property and retain the tax benefits until they exercise their option to purchase.

Cash Flow: We have pre-qualified the buyer who has a good income and will be responsible for 95% of the maintenance and repairs so virtually all of the cash flow goes to the bottom line.

Cash Later: Then you sell at the appreciated price when the resident secures their mortgage within a predetermined time frame with the help of our team. They are now proud homeowners and your increased capital is freed up to do another deal!

change currency

Financials (USD)

Net Operating Income (Annual) $7,200

Asking Price $270,000

Cap Rate 6%

Additional Details

Street Address 1007 Shar Lane Boulevard

Deal Terms

Broker Co-Op? Available On Request

Seller Financing Available? Available On Request

Seller Willing To Lease? Available On Request

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

Request Information

Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.

Sign Up

DealStream Awards & Reviews

More Listings Like This
Resources For Entrepreneurs