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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.
205 WHITEHEAD AVE SOUTH RIVER NJ 08882
Fix & Flip
Wholesale Price: $256,004
Rehab Cost: $40,000
After Repair Value: $383,631
Projected Net Profit: $60,846
Property Information
Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 2
Square footage: 2,169
Real Estate Tax: $6,424
Vacant: No
Owner Occupied: Yes
Parking: Yes
Construction Details
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
Zoning: Residential Roof 10 yrs old
HVAC – New in 2014
Water Heater – New
Windows replaced 11 yrs ago
New Chimney Liner
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 $256,004
Rehab Cost $40,000
Estimated closing costs $7,600
Estimated holding costs $13,300
Estimated selling costs (5% of ARV) $19181
Total Initial Investment: $322,785
Net Profit Calculation
Estimated After Repair Value $383,631
Total Estimated Investment $322,785
Projected Net Profit: $60,846
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) |
| 5 WASHINGTON ST SOUTH RIVER, NJ |
199,900.00 | 5/7/2020 | 1016 | 1915 | 196.75 | 0.14 |
| 5 NORTHSIDE AVE SOUTH RIVER, NJ |
300,000.00 | 1/14/2020 | 1720 | 1911 | 174.41 | 0.19 |
| 48 CHARLES ST SOUTH RIVER, NJ |
290,000.00 | 7/28/2020 | 1730 | 1920 | 167.63 | 0.2 |
Average Sold Price: $263,300.00