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Condominium
Union City (NJ), United States
$850 per slot
552 38th St APT B2, Union City, NJ 07087
A mature real estate market with favourable returns.
Average occupancy 85%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 11%
3% from capital appreciation and 8% from average rental income.
Investment duration
Recommended standard 2 - 5 years
Property Overview
Featuring kitchen, full bathroom, spacious living area/bedroom that can be separated into a small bedroom, living area. Conveniently located close to Bergenline Ave stores, cafes, restaurants, banks, supermarkets, local and NYC transportation, houses of worship, schools, major highway arteries, and super stores. The HOA includes heat, water, sewer, insurance for the building, management, internet, security cameras.
Financial Details
Total Property Value
$85,000
Price Per Slot
$850
Aquisition & Legal Fees (3%)
$2,550
Total Cost Per Slot (incl. fees)
$876
Projected Returns
Projected Gross Rent
$6,800 (8% of value)
Management fees (7%)
$476
Operating/Service Expenses (3%)
$204
Projected Net Income
$6,120
Net ROI Per Slot (on $850)
11% annually
Additional Details
- Bedroom
- 1
- Bathroom
- 1
- Area
- Int - 235 Sq Ft.
Ext -
Location
Union City NJ, United States