Wally Living purchased this 4 bedroom 4 bathroom home in Mendham NJ just outside Morristown and spent $70,000 and 3 months transforming it from overgrown outdated ranch to modern smart home in a bustling community.
Mendham III LLC:
Resident amount: $4,995/mo + utilities
Carrying cost: $3,600/mo with loan, taxes and insurance.
Yearly maintenance costs: $6,000
Monthly cash flow: $1,396/mo.
ROI over 16 year resident term to ownership: $363,040
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