Wholesale Investment Property
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247 Pemberton Browns Mills Rd – Browns Mills NJ 08015
Fix & Flip
Wholesale Price: $48,000
Rehab Cost: $50,000
After Repair Value: $136,611
Projected Net Profit: $26,317
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 $48,000
Rehab Cost $50,000
Estimated closing costs $2,732
Estimated holding costs $2,732
Estimated selling costs (5% of ARV) $6830
Total Initial Investment: $110,294
Net Profit Calculation
Estimated After Repair Value $136,611
Total Estimated Investment $110,294
Projected Net Profit: $26,317
Interested in this property? Call us at 609-807-1497 or send us a message via this website with this link -> Contact Us Now
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
Interested in this property? Call us at 609-807-1497 or send us a message via this website with this link -> Contact Us Now