276 TRENTON LAKEWOOD RD CREAM RIDGE, NJ 08514 For Sale

  • $170,000
  • 3 beds
  • 2 baths
  • 2838 sqft

Wholesale Investment Property 

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276 TRENTON LAKEWOOD RD CREAM RIDGE, NJ 08514

Fix & Flip

Wholesale Price:  $170,000
Rehab Cost:  $100,000

After Repair Value: $410,176
Projected Net Profit:   $102,199

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 3
Bathrooms: 2
Square footage:  2838
Lot size:  21000
Real Estate Tax:  $4,527.00
Occupancy: Vacant
Parking: Garage

Construction Details
Facade and Exterior: Wood
Roof: Shingles
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                                                       $170,000
Rehab Cost                                                               $100,000
Estimated closing costs                                          $8,900
Estimated holding costs                                         $8,872
Estimated selling costs (5% of ARV)                  $20,205
Total Initial Investment:                                $307,977

Net Profit Calculation 

Estimated After Repair Value                               $410,176
Total Estimated Investment                                 $299,077
Projected Net Profit:                                      $102,199

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)
7 LENN RD
ALLENTOWN, NJ
548,000 6/6/2019 4588 1999 119.44 1.2
131 MEIRS RD
CREAM RIDGE, NJ
440,000.00 11/1/2018 2742 1985 160.46 1.29
2 BABBITT WAY
ALLENTOWN, NJ
710,000.00 7/12/2019 5253 2002 135.16 1.33
77 YELLOW MEETINGHOUSE RD
CREAM RIDGE, NJ
430,000.00 3/4/2019 2798 1982 153.68 1.92
3 APPLE BLOSSOM LN
CREAM RIDGE, NJ
830,000.00 1/3/2019 5393 2004 153.9 1.95

Average Cost/SQFT: $144.53
Average Sold Price: $591,600.00
After Repair Value: $410,176

Price:
$170,000
Address:
276 TRENTON LAKEWOOD RD
Cream Ridge, NJ 08514
Square Feet:
2838
Lot Size:
21000
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1940
Basement:
unfinished
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location