10 Torrington Lane – Willingboro NJ 08046 For Sale

  • $114,277
  • 5 beds
  • 3 baths
  • 2560 sqft

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)

Price:
$114,277
Address:
10 Torrington Ln
Willingboro, NJ 08046
Square Feet:
2560
Lot Size:
10,000 sf
Bedrooms:
5
Bathrooms:
3
Terms:
For Sale
Property Type:
Home
Year Built:
1969
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

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