38 Shetland Ln Willingboro Sold

  • $105,000
  • 4 beds
  • 2 baths
  • 1588 sqft

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.

38 SHETLAND LN WILLINGBORO NJ 08046

Fix & Flip

Wholesale Price:  $105,000 
Rehab Cost:  $40,000 
After Repair Value: $192,767 
Projected Net Profit: $26,564 

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms:   4
Bathrooms:  2
Square footage: 1,588
Real Estate Tax:  $4,783
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                                                                    $40,000 
Estimated closing costs                                              $3,855
Estimated holding costs                                             $7,710
Estimated selling costs (5% of ARV)                       $9,638
Total Initial Investment:                                     $166,203 

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $192,767
Total Estimated Investment                                  $166,203
Projected Net Profit:                                               $26,564

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)
63 SHERWOOD LN
WILLINGBORO, NJ
185,500 3/16/2020 1789 1958 103.68 0.02
26 SHETLAND LN
WILLINGBORO, NJ
184,950.00 1/17/2020 1494 1958 123.79 0.05
127 SHEFFIELD DR
WILLINGBORO, NJ
153,000.00 12/9/2019 1184 1958 129.22 0.09
30 SHERWOOD LN
WILLINGBORO, NJ
222,500.00 12/4/2019 1727 1958 128.83 0.12
Average Cost/SQFT:$121.39
Average Sold Price:$186,487.50
After Repair Value: $192,767.32
Price:
$105,000
Address:
38 SHETLAND LN
WILLINGBORO, NJ 08046
Square Feet:
1588
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1957
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location