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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.
268 Anderson Rd Clinton, NJ 08809
Fix & Flip
Wholesale Price: $357,130
Rehab Cost: $110,000
After Repair Value: $569,672
Projected Net Profit: $51,273
Property Information
Parking: Off Street/Driveway
Construction Details
Facade and Exterior: Wood Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Private
Public Sewer: Private
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 $357,130
Rehab Cost $110,000
Estimated closing costs $11,393
Estimated holding costs $11,393
Estimated selling costs (5% of ARV) $28,483
Total Initial Investment: $518,399
Net Profit Calculation
Estimated After Repair Value $569,672
Total Estimated Investment $518,399
Projected Net Profit: $51,273
Comparables from the MLS used to determine ARV
Average Sold Price: $562,599.75
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 10 MELODY LN CLINTON, NJ |
569,900.00 | 4/26/2021 | 2111 | 1978 | 269 | 3.03 |
| 5 RIVER BEND RD CLINTON, NJ |
580,000.00 | 5/27/2021 | 2867 | 1991 | 202 | 3.2 |