Wholesale Investment Property
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232 JANE ST, LONG BRANCH NJ 07740
Fix & Flip
Wholesale Price: $162,500
Rehab Cost: $50,000
After Repair Value: $290,000
Projected Net Profit: $47,050
Property Information
Building Type: Colonial
Bedrooms: 3
Bathrooms: 1
Square footage: 1,118
Real Estate Tax: $4,796
Occupancy: Vacant
Parking: Yes
Construction Details
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
Public Water: 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 $162,500
Rehab Cost $50,000
Estimated closing costs $5,800
Estimated holding costs $10,150
Estimated selling costs (5% of ARV) $14,500
Total Initial Investment: $242,950
Net Profit Calculation
Estimated After Repair Value $290,000
Total Estimated Investment $242,950
Projected Net Profit: $47,050
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) |
| 316 HILLSIDE AVE LONG BRANCH, NJ |
269,062.00 | 8/20/2020 | 1368 | 1940 | 196.68 | 0.31 |
| 341 CHELSEA AVE LONG BRANCH, NJ |
305,000.00 | 7/29/2020 | 1730 | 1910 | 176.3 | 0.33 |
| 342 E COLUMBUS PL LONG BRANCH, NJ |
325,000.00 | 12/4/2019 | 1496 | 1910 | 217.24 | 0.38 |
Average Sold Price: $299,687.33