Wholesale Investment Property
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This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
13 Center Ave – Burlington, NJ 08016
Fix & Flip
Wholesale Price: $167,568
After Repair Value: $259,500
Projected Net Profit: $48,712
Property Information
Building Type: Ranch
Bedrooms: 3 (4 if the in-law suite main room is also used as a bedroom)
Bathrooms: 2
Real Estate Tax: $7,217.00
Occupancy: Vacant
Parking: Detached garage
Construction Details
Facade and Exterior: Vinyl siding
Roof: Shingle
Electric: Breakers
Heating: Gas
Plumbing: PVC
Landry: 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 $167,568
Rehab Cost $21,450
Estimated closing costs $4,950
Estimated holding costs $4,445
Estimated selling costs (5% of ARV) $12,375
Total Initial Investment: $210,788
Net Profit Calculation
Estimated After Repair Value $259,500
Total Estimated Investment -$210,788
Projected Net Profit: $48,712
Passive Income Rental
Investment Type Cost
Wholesale Price $167,568
Rehab Cost $6,000
Estimated closing costs $4,950
Estimated holding costs $4,445
Total Initial Investment: $182,963
Rental Income @ $2050/mo $24,600
Vacancy/Maintenance -$2,050
Ultilties(water bill) -$0.00
Accounting -$125
Landscaping -$150
Leasing Commissions -$410
( 1mth rent every 5 years)
Estimated Insurance -$800
Estimated Taxes -$7217
Propert Management Fees -$2460
Total Yearly NOI: $11,388