100 Fayette Ave – Wayne For Sale

  • $155,000
  • 3 beds
  • 1 baths
  • 1,020 sqft

Wholesale Investment Property 

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100 FAYETTE AVE, WAYNE NJ 07470

Fix & Flip

Wholesale Price:  $155,000 
Rehab Cost:  $45,000  
After Repair Value: $273,074 
Projected Net Profit: $43,098

Property Information
Building Type: Raised Ranch
Bedrooms: 3
Bathrooms: 1
Square footage: 1,020
Real Estate Tax: $4,615
Occupancy: Tenant Occupied
Parking: Yes

Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
City Sewage: Public Sewer
City Water: Public Water
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                                                       $155,000
Rehab Cost                                                                    $45,000
Estimated closing costs                                              $5,441
Estimated holding costs                                             $10,882
Estimated selling costs (5% of ARV)                       $13,653
Total Initial Investment:                                     $229,976

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $273,074 
Total Estimated Investment                                  $229,976
Projected Net Profit:                                               $43,098

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)

45 FAYETTE AVE

WAYNE, NJ

140,750.00 3/20/2020 1014 1950 138.8 0.12
62 COURTER AVE

WAYNE, NJ

284,580.00 1/7/2020 980 1945 290.38 0.4
35 NEW ST

WAYNE, NJ

325,000.00 7/23/2020 1036 1950 313.7 0.61
24 OAK ST

WAYNE, NJ

350,000.00 5/19/2020 1080 1960 324.07 0.72
Average Cost/SQFT: $267.72 
Average Sold Price: $275,082. 
After Repair Value: $273,074 
Price:
$155,000
Address:
100 Fayette Ave
Wayne, NJ 07470
Square Feet:
1,020
Lot Size:
8,451
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1930

Call (609) 807-1497 for more details

Property Location