Wholesale Investment Property – Fix & Flip or Duplex Rental
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2 DECOU DR MORRISVILLE, PA 19067
Fix & Flip or Duplex Rental
Wholesale Price: $204,936
Rehab Cost: $46,000
After Repair Value: $348,600
Projected Net Profit: $66,258
Property Information
Building Type: SINGLE FAMILY RESIDENCE + separate Mother In Law Suite or (Duplex Rental)
Main House
Bedrooms: 3
Bathrooms: 1.5
Mother in Law Suite – Rents for $970 a month.
Bedrooms: 1
Bathrooms 1
The suite includes: Eat-in Kitchen, Living Room, Storage Room
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Square footage: 2231
Lot size: 7,956
Real Estate Tax: $6,055
Occupancy: Occupied
Parking: Driveway
Construction Details
Facade and Exterior: Vinyl Siding and Brick
Roof: Shingle
Electric: Breakers
Heating: Gas. Forced air
Plumbing: Copper
Laundry: 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 $204,936
Rehab Cost $46,000
Estimated closing costs $6,979
Estimated holding costs $6,979
Estimated selling costs (5% of ARV) $17,448
Total Initial Investment: $282,342
Net Profit Calculation
Estimated After Repair Value $348,600
Total Estimated Investment $282,342
Projected Net Profit: $66,258
Rental Analysis
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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) |
| 473 HAMILTON BLVD MORRISVILLE, PA |
240,000 | 4/26/2019 | 1610 | 1964 | 149.06 | 0.23 |
| 470 HAMILTON BLVD MORRISVILLE, PA |
265,000.00 | 11/6/2019 | 1534 | 1961 | 172.75 | 0.24 |
| 456 HAMILTON BLVD MORRISVILLE, PA |
293,000.00 | 1/17/2019 | 2247 | 1962 | 130.39 | 0.28 |
| 501 N LAFAYETTE AVE MORRISVILLE, PA |
270,000.00 | 6/20/2019 | 1920 | 1940 | 140.62 | 0.29 |
| 397 MAGNOLIA DR MORRISVILLE, PA |
305,000.00 | 7/1/2019 | 1620 | 1954 | 188.27 | 0.36 |
| 82 W MAPLE AVE MORRISVILLE, PA |
225,000.00 | 5/10/2019 | 1296 | 1965 | 173.61 | 0.38 |
Average Sold Price: $336,733.33
Average Cost/SQFT: $156.42
After Repair Value: $348,600.56
Interested in this property? Call us at 609-807-1497 or send us a message via this website with this link -> Contact Us Now