125 Belmont St – Burlington NJ For Sale

  • $48,400 (ARV = $108,752)
  • 4 beds
  • 1.5 baths
  • 1606 sqft

This investment property is located in a convenient area near the center of Burlington City.  It is a great property for a profitable fix and flip or rental.

The Numbers:

ARV = $108,752 based on the following comps after repair condition and price per sf.
(Click the graphic below to see a larger version and active links to the comp properties)

Buyer’s Estimated Expenses

Estimated Repair Costs:

Roof Replacement – $3,500
Interior Paint Job – $3,000
Landscaping – $1,000
Sidewalk  – $1,590
Foundation Water Proofing – $4,000
Refacing Kitchen Cabinets – $1,800
New Kitchen Appliances – $1,500
Kitchen Counters – $2,000
Bathroom – $3,200
Bathroom – $800

Total: $25,890

Closing Costs: $2,400
Holding Costs: $2,400
10% of ARV Hedge Expense: $2,500
Selling Costs: $5,437

Projected Proft:  $18,000 (16.5% ROI)

Passive Income Rental ————————————————————————————-
Wholesale Price: $48,400
Rehab Cost: $25,890
Estimated Closing Costs: $2,400
Total Initial Investment: $76,690

Rental Cash Flow (Yearly) – Cap Rate: 14.2%
Rental Income @ $1,575/mo : $18,900
Vacancy/Maintenance (1 month rent) : $1,575
Leasing Commissions (1 month rent every 5 years): $350
Estimated Insurance: $800
Estimated Taxes: $3,736
Property Management Fees (8%): $1,512

Total Yearly NOI: $10,927

 

The offering price includes paying the back taxes of $6195.88

Price:
$48,400 (ARV = $108,752)
Address:
125 Belmont St
Burlington, NJ 08016
Square Feet:
1606
Lot Size:
6160
Bedrooms:
4
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1900
Basement:
unfinished

Call (609) 807-1497 for more details

Property Location

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