Wholesale Investment Property
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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 |