Wholesale Investment Property
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1 FREDERICK LN EWING NJ 08628
Fix & Flip
Wholesale Price: $196,500
Rehab Cost: $55,000
After Repair Value: $333,305
Projected Net Profit: $45,640
Property Information
Building Type: Cape Cod
Bedrooms: 4
Bathrooms: 2
Square footage:2,030
Real Estate Tax: $9,140
Parking: Yes
Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
City Sewage: Public
Zoning: Residential
Heating: Oil
Water: Public
HVAC: 1st floor only
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $196,500
Rehab Cost $55,000
Estimated closing costs $6,500
Estimated holding costs $13,000
Estimated selling costs (5% of ARV) $16,665
Total Initial Investment: $287,665
Net Profit Calculation
Estimated After Repair Value $333,305
Total Estimated Investment $287,665
Projected Net Profit: $45,640
Comparables from the MLS used to determine ARV
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 22 BERNARD DR EWING, NJ |
436,000.00 | 9/10/2020 | 3142 | 1973 | 138.76 | 0.17 |
| 4 DUFFIELD DR EWING, NJ |
300,000.00 | 3/10/2020 | 1660 | 1974 | 180.72 | 0.3 |
| 10 HOLDER DR EWING, NJ |
325,000.00 | 12/10/2019 | 1660 | 1975 | 195.78 | 0.36 |
Average Sold Price: $353,666