308 Cayuga Trl – Browns Mills Pending

  • $105,000
  • 4 beds
  • 1.5 baths
  • 1488 sqft

Wholesale Investment Property 

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This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

308 CAYUGA TRL BROWNS MILLS, NJ 08015

Fix & Flip

Wholesale Price:  $105,000
Rehab Cost:  $50,000
After Repair Value: $202,710
Projected Net Profit: $28,470

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms:  4
Bathrooms:  1.5
Square footage:  1488
Lot size:  9,600
Real Estate Tax:  $3,659
Occupancy: Vacant
Parking: Yes

Construction Details
Facade and Exterior: Vinyl
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: Yes
City Sewage
Well Water
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                                                       $105,000
Rehab Cost                                                                $50,000
Estimated closing costs                                          $4,652
Estimated holding costs                                         $4,652
Estimated selling costs (5% of ARV)                   $9,936
Total Initial Investment:                                          $174,240

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $202,710
Total Estimated Investment                                    $174,240
Projected Net Profit:                                                $28,470

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)
903 RED FEATHER TRL
BROWNS MILLS, NJ
152,200 5/22/2020 1274 1985 119.46 0.1
703 TECUMSEH TRL
BROWNS MILLS, NJ
245,000.00 5/21/2020 2068 1973 118.47 0.14
310 ALGONQUIN TRL
BROWNS MILLS, NJ
183,000.00 6/1/2020 1108 1972 165.16 0.16
48 TECUMSEH TRL
BROWNS MILLS, NJ
170,000.00 3/10/2020 1274 1986 133.43 0.17
202 SPRING LAKE BLVD
BROWNS MILLS, NJ
152,500.00 2/6/2020 1038 1954 146.91 0.21
120 CHIPPEWA TRL
BROWNS MILLS, NJ
155,600.00 3/3/2020 1162 1967 133.9 0.26

Average Cost/SQFT: $136
Average Sold Price: $$176,383
After Repair Value: $202,710

Price:
$105,000
Address:
308 CAYUGA TRL
BROWNS MILLS, NJ 08015
Square Feet:
1488
Lot Size:
9,600
Bedrooms:
4
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1988
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location