247 Pemberton Browns Mills Rd – Browns Mills NJ 08015 For Sale

  • $62,458
  • 2 beds
  • 1.0 baths
  • 1072 sqft

Wholesale Investment Property 

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247 Pemberton Browns Mills Rd – Browns Mills NJ 08015

Fix & Flip

Wholesale Price:  $62,458
Rehab Cost:  $40,000 
After Repair Value: $136,611 
Projected Net Profit: $21,859   

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 2
Bathrooms:  1.0
Square footage:  1072
Lot size:  20,000
Real Estate Tax:  $2,745
Occupancy:
Parking:

Construction Details
Facade and Exterior: Wood
Roof: Singles
Electric: Breakers
Heating: Hot water
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                                                       $62,458
Rehab Cost                                                                $40,000
Estimated closing costs                                          $2,732
Estimated holding costs                                         $2,732
Estimated selling costs (5% of ARV)                   $6830
Total Initial Investment:                                         $114,752 

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $136,611 
Total Estimated Investment                                 $114,752
Projected Net Profit:                                            $21,859 

 

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)
622 WEYMOUTH RD
BROWNS MILLS, NJ
140,000 8/30/2019 1180 1974 118.64 0.98
18 COVILLE DR
BROWNS MILLS, NJ
115,000.00 8/22/2019 821 1957 140.07 0.98

 

Average Cost/SQFT: $129.36 
Average Sold Price: $127,500
After Repair Value: $136,611 

Price:
$62,458
Address:
247 Pemberton Browns Mills Rd
Browns Mills, NJ 08015
Square Feet:
1072
Lot Size:
20,000
Bedrooms:
2
Bathrooms:
1.0
Terms:
For Sale
Property Type:
Home
Year Built:
1935
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location