Wholesale Investment Property
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41 SCHOOL RD E MARLBORO, NJ 07746
Fix & Flip
Wholesale Price: $ 258,000
Rehab Cost: $ 40,000
After Repair Value: $ 398,000
Projected Net Profit: $ 60,140 (15% ROI)
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 3
Bathrooms: 2
Square footage: 1982
Lot size: 95,832
Real Estate Tax: $8,150.91
Occupancy: Occupied
Parking: Garage
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 $ 258,000
Rehab Cost $ 40,000
Rehab Hedge 10% $ 4,000
Estimated closing costs $ 7,960
Estimated holding costs $ 8,000
Estimated selling costs (5% of ARV) $ 19,900
Total Initial Investment: $ 337,860
Net Profit Calculation
Estimated After Repair Value $ 398,000
Total Estimated Investment $ 337,860
Projected Net Profit: $ 60,140 (15% ROI)
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) |
| 11 MOHAWK DR MARLBORO, NJ |
315,000.00 | 10/30/2018 | 2384 | 1960 | 132.13 | 0.17 |
| 4 BRANDON RD MARLBORO, NJ |
365,000.00 | 3/14/2019 | 1906 | 1969 | 191.5 | 0.42 |
| 3 CRENSHAW CT MARLBORO, NJ |
624,750.00 | 7/23/2018 | 3298 | 2000 | 189.43 | 0.54 |
| 28 COLTS RUN MARLBORO, NJ |
470,000.00 | 9/20/2018 | 2504 | 1984 | 187.69 | 0.6 |
| 7 STOCKTON DR MARLBORO, NJ |
380,000.00 | 2/6/2019 | 2107 | 1968 | 180.35 | 0.68 |
| 28 COLLINGWOOD RD MARLBORO, NJ |
547,000.00 | 9/18/2018 | 2337 | 1968 | 234.06 | 0.69 |
| 11 INGERSOLL RD MARLBORO, NJ |
505,000.00 | 2/8/2019 | 2617 | 1969 | 192.96 | 0.71 |
| 21 STEEPLECHASE DR MARLBORO, NJ |
552,000.00 | 7/31/2018 | 2294 | 1984 | 240.62 | 0.78 |
| 11 JACATA RD MARLBORO, NJ |
475,000.00 | 8/9/2018 | 1906 | 1969 | 249.21 | 0.79 |
Average Cost/SQFT: $199.78
Average Sold Price: $470,416.67
After Repair Value: $395,963.96