27 Pearl Dr – Howell Available

  • $256,300
  • 5 beds
  • 2 baths
  • 2160 sqft

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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.

27 Pearl Dr Howell, NJ 07731 

Fix and Flip

Wholesale Price: $256,300 
Rehab Cost:   $110,000 
After Repair Value: $495,000
Projected Net Profit: $76,725

Property Information 

Building Type: Single Family Home 
Beds: 5
Baths: 2
Property SF: 2160
Real Estate Tax: $6,219
Vacant:  No
Parking: Driveway

Construction Details: 

Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Oil but has gas to the property. Oil tank is underground.
Plumbing: Copper or PVC 
Laundry: Yes
Sewer: Septic – Public Sewer available at the street
Water: Well – Public Water available at the street 
Zoning: Residential

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.

Fix and Flip

Investment Type                                                             Cost                                 

Wholesale Price                                                             $256,300  
Rehab Cost                                                                      $110,000
Estimated closing costs                                                $9,900
Estimated holding costs                                               $17,325
Estimated selling costs (5% of ARV)                         $24,750
Total Initial Investment:                                          $418,275

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $495,000
Total Estimated Investment                                       $418,275
Projected Net Profit:                                                      $76,725

Comparables from the MLS used to determine ARV

Average Cost/SQFT:$306.44
Average Sold Price:$386,801.00
After Repair Value:$495,000.00
Address  Price Sold  Sold Date  Size (sf)  Year Built  Price per sf  Distance from
subject
property (mi) 
5 PEARL DR
HOWELL, NJ 
386,000.00  4/4/2022  1248  1977  309.29  0.09 
28 E 1ST ST
HOWELL, NJ 
410,000.00  10/12/2021  1282  1975  319.81  0.25 
15 E 4TH ST
HOWELL, NJ 
385,000.00  8/4/2021  1176  1999  327.38  0.36 
113 W 2ND ST
HOWELL, NJ 
366,204.00  10/22/2021  1360  1950  269.27  0.46 
Price:
$256,300
Address:
27 Pearl Dr.
Howell, NJ 07731
Square Feet:
2160
Lot Size:
7,500
Bedrooms:
5
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1920
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location