Rumson Associates LLC
Real estate investment firm: cash-flow positive, single family homes in Monmouth County, NJ. 4-5% tax-free income with 10-18% total return.
Company seeks to purchase attractive, 3 and 4 bedroom single-family homes to be rented to families. We have extensive knowledge of the local real estate market. While home prices are down from their peak, rental rates have risen and are very firm and rising in this commuter area into NYC. The local market enables 4-5% net current income (net of taxes) with a total return upside over 5-10 years of 10-18% per annum.