Wholesale Investment Property
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30 WOODSIDE AVE TRENTON, NJ 08618
Fix & Flip
Wholesale Price: $128,177
Rehab Cost: $25,000
After Repair Value: $202,363
Projected Net Profit: $30,974
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 3
Bathrooms: 2.0
Square footage: 1872
Lot size: 7,200
Real Estate Tax: $6,693
Occupancy: Vacant
Parking: Yes
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 $128,177
Rehab Cost $25,000
Estimated closing costs $4,047
Estimated holding costs $4,047
Estimated selling costs (5% of ARV) $10,118
Total Initial Investment: $171,389
Net Profit Calculation
Estimated After Repair Value $202,363
Total Estimated Investment $171,389
Projected Net Profit: $30,974
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) |
| 79 HOMAN AVE EWING, NJ |
226,079 | 3/15/2019 | 1788 | 1989 | 126.44 | 0.17 |
| 304 BEECHWOOD AVE EWING, NJ |
132,000.00 | 10/15/2019 | 1187 | 1916 | 111.2 | 0.19 |
| 307 BERWYN AVE EWING, NJ |
185,000.00 | 6/6/2019 | 1528 | 1930 | 121.07 | 0.19 |
| 329 BERWYN AVE EWING, NJ |
138,000.00 | 4/9/2019 | 1306 | 1911 | 105.66 | 0.24 |
| 323 HILLCREST AVE EWING, NJ |
168,000.00 | 4/16/2019 | 1529 | 1940 | 109.87 | 0.25 |
Average Cost/SQFT: $114.85
Average Sold Price: $169,815.80
After Repair Value: $202,363