Wholesale Investment Property
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10 Torrington Lane – Willingboro NJ
Fix & Flip
Wholesale Price: $114,277
Rehab Cost: $50,000
After Repair Value: $225,000 – $243,225 based on mls comps (see comps below)
Projected Net Profit: $41,514 – $58,989
= 17.5% ROI
Property Information
Building Type: Two Story Single Family
Bedrooms: 5
Bathrooms: 3
Square footage: 2560
Lot size: 10,000
Real Estate Tax: $7,973.64
Occupancy: Vacant
Parking: Two Car Garage
Construction Details
Facade and Exterior: Wood siding and stone
Roof: Shingle
Electric: Breakers
Heating: Gas. Forced air
Plumbing: Copper
Laundry: Yes
Zoning: Residential
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 $114,277
Rehab Cost $50,000
Estimated closing costs $3,959
Estimated holding costs $4,000
Estimated selling costs (5% of ARV) $11,250
Total Initial Investment: $183,486
Net Profit Calculation
Estimated After Repair Value $225,000
Total Estimated Investment -$183,486
Projected Net Profit: $41,514
Comparables from the MLS used to determine ARV
| Address | Sold Price | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 10 TREBING LN WILLINGBORO, NJ |
190,000.00 | 10/29/2018 | 2137 | 1969 | 88.90 | 0.12 |
| 44 TYLER DR WILLINGBORO, NJ |
229,900.00 | 5/4/2018 | 2213 | 1969 | 103.88 | 0.13 |
| 69 TORRINGTON LN WILLINGBORO, NJ |
150,000.00 | 1/10/2019 | 2560 | 1969 | 58.59 | 0.17 |
| 15 TYLER DR WILLINGBORO, NJ |
249,000.00 | 9/14/2018 | 2213 | 1969 | 112.51 | 0.20 |
| 25 TREBING CT WILLINGBORO, NJ |
229,000.00 | 5/9/2018 | 2001 | 1969 | 114.44 | 0.21 |
| 8 TURNER LN WILLINGBORO, NJ |
218,500.00 | 6/7/2018 | 2213 | 1969 | 98.73 | 0.24 |
| 43 TIFFANY LN WILLINGBORO, NJ |
230,000.00 | 11/15/2018 | 2615 | 1969 | 87.95 | 0.28 |
Average Cost/SQFT: $95.01
Average Sold Price: $213,771.43
After Repair Value: $243,225.60 (Subject Sqft X Avg Comp)