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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.
16 Brunswick Ave. Spotswood NJ 08884
Fix & Flip
Wholesale Price: $255,039
Rehab Cost: $50,000
After Repair Value: $396,146
Projected Net Profit: $51,500
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 4
Bathrooms: 1 (2nd bathroom has been framed but not built)
Square footage: 1,763
Real Estate Tax: $7,674
Occupancy: Owner Occupied
Parking: Yes
Construction Details
Facade and Exterior: Vinyl
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
City Sewage
City 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 $255,039
Rehab Cost $50,000
Estimated closing costs $7,920
Estimated holding costs $11,880
Estimated selling costs (5% of ARV) $19,807
Total Initial Investment: $344,646
Net Profit Calculation
Estimated After Repair Value $396,146
Total Estimated Investment $344,646
Projected Net Profit: $51,500
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) |
| 17 EATON AVE SPOTSWOOD, NJ |
348,000 | 6/21/2019 | 1544 | 1956 | 225.38 | 0.1 |
| 42 EATON AVE SPOTSWOOD, NJ |
410,000.00 | 1/15/2020 | 2086 | 1956 | 196.54 | 0.15 |
| 87 WYOMING AVE SPOTSWOOD, NJ |
325,000.00 | 8/22/2019 | 1308 | 1967 | 248.47 | 0.23 |
| 21 SOUTH ST SPOTSWOOD, NJ |
268,000.00 | 6/5/2019 | 1282 | 1921 | 209.04 | 0.33 |
| 146 BROOKLYN AVE SPOTSWOOD, NJ |
340,000.00 | 12/2/2019 | 1798 | 1911 | 189.09 | 0.34 |
| 108 VLIET ST SPOTSWOOD, NJ |
325,500.00 | 5/13/2020 | 1188 | 1949 | 273.98 | 0.35 |
| 161 WYOMING AVE SPOTSWOOD, NJ |
339,000.00 | 9/6/2019 | 1454 | 1947 | 233.14 | 0.39 |
| 28 GORDON AVE SPOTSWOOD, NJ |
325,000.00 | 11/26/2019 | 1628 | 2006 | 199.63 | 0.42 |
| 10 JUNE RD SPOTSWOOD, NJ |
362,500.00 | 1/22/2020 | 1468 | 1968 | 246.93 | 0.42 |