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Wholesale Investment Property
All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.
This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
This property is available for purchase only with Cash, Hard Money, or Private Money.
120 Phillips Ave. Browns Mills, NJ 08015
Fix & Flip
Wholesale Price: $109,000
Rehab Cost: $50,000
After Repair Value: $205,000 – $238,000
Projected Net Profit: $21,430 – $52,780
Property Information
Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
Square footage: 1,226
Real Estate Tax: $3,289
Owner Occupied: Yes
Vacant: will be delivered vacant
Parking: driveway
Construction Details
Facade and Exterior: Vinyl Siding
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: In Unit
Heating: Gas
City Sewage: 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 $109,000
Rehab Cost $50,000
Estimated closing costs $4,773
Estimated holding costs $9,547
Estimated selling costs (5% of ARV) $10,250 – $11,900
Total Initial Investment: $ 183,570 – 185,220
Net Profit Calculation
Estimated After Repair Value $205,000 – $238,000
Total Estimated Investment $183,570 – $185,220
Projected Net Profit: $21,430 – $52,780
Comparables from the MLS used to determine ARV
Average Sold Price: $203,000.00
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 103 PHILLIPS AVE BROWNS MILLS, NJ |
215,000.00 | 3/19/2021 | 1026 | 1923 | 209.55 | 0.04 |
| 168 PHILLIPS AVE BROWNS MILLS, NJ |
195,000.00 | 7/30/2020 | 1288 | 1985 | 151.39 | 0.08 |
| 127 GARDEN AVE BROWNS MILLS, NJ |
199,000.00 | 3/11/2021 | 892 | 1960 | 223.09 | 0.08 |