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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.
180 Main St. West Creek, NJ 08092
Fix & Flip
Wholesale Price: $140,000
Rehab Cost: $75,000
After Repair Value: $325,000
Projected Net Profit: $80,750
Property Information
Building Type: Single Family
Bedrooms: 4
Bathrooms: 2
Square footage: 2,300
Parking: Yes
Facade and Exterior: Wooden Siding
Roof: Shingles
Electric: Breakers, but need to verify
Heating: Gas
Plumbing: Copper
Laundry: Yes
Water: Well
Sewer: Septic (Needs new tank, quoted at $12k)
Projected Financials: The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $140,000
Rehab Cost $75,000
Estimated closing costs $3,000
Estimated holding costs $10,000
Estimated selling costs (5% of ARV) $16,250
Total Initial Investment: $244,250
Net Profit Calculation
Estimated After Repair Value $325,000
Total Estimated Investment $244,250
Projected Net Profit: $80,750
Comparables from the MLS used to determine ARV
Address | Price Sold | Sold Date | Size (sf) | Price per sf | Distance from subject property (mi) |
237 Main St, West Creek, NJ 08092 | 310,000.00 | 3/23/2021 | 1,540 | 201.29 | 0.3 |