Better Homes

Simplifying access to global residential real estate
for investors through fractional ownership.
  • Featured
  • Available

Single Family Residence

  Washington Twp (NJ), United States

$5,890 per slot

1 River Trail, Washington Twp., NJ 07840

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 5 - 10 years

Property Overview

Lovely expanded ranch in idyllic country setting yet minutes to everything is sure to please with a yard that feels like a resort! Step into the spacious LR w/ LVT flooring & massive stone fireplace that will be the heart of the home. Charming Kitchen w/ beamed ceiliing & stone wall w/ built-in bread oven, moveable center island, sliders to huge deck for great entertaining, & wall of windows for incredible light & view of yard. Also on 1st level: Huge Primary w/ cedar walk-in, slider to deck & newer ensuite w/ dble vanity & walk-in shower w/ 5 diff spigots; BR 2 & office have ceiling fans & built-in shelves; a lovely powder room along with/ laundry room w/ pantry storage. Upstairs are 2 spacious BRs, 1 w/ skylights & walk-in closet; full bath, & walk-in attic (expansion possibilities). Outdoor living is what it's all about here! Along with the deck, you'll love the open front porch and cozy breezeway, perfect places to start your morning, read a book, or watch the sunset.The property is level & open w/ nice landscaping and lovely views of the mountains. The inground pool, complete w/ slide & dive, has an outdoor cabana & bar w/ built-in fridge & lighting to bring entertaining to a new level! The full basement is huge w/ 12 ft ceiling & Bilco doors and is great for storage or future living space. The oversized garage has a loft and huge workbench.

Financial Details

Total Property Value

$589,000

Price Per Slot

$5,890

Aquisition & Legal Fees (3%)

$17,670


Total Cost Per Slot (incl. fees)

$6,066

Projected Returns

Projected Gross Rent

$47,120 (8% of value)

Management fees (7%)

$3,298

Operating/Service Expenses (3%)

$1,413


Projected Net Income

$42,409

Net ROI Per Slot (on $5,890)

11% annually

Additional Details

Bedroom
4
Bathroom
3
Area
Int - Sq Ft.
Ext - 1.46 Acres Lot

Location

Washington Twp NJ, United States