Wholesale Investment Property
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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