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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
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
| 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 |