41 SCHOOL RD EAST, MARLBORO NJ 07746 For Sale

  • $258,000
  • 3 beds
  • 2 baths
  • 1982 sqft

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

Price:
$258,000
Address:
41 SCHOOL RD E
MARLBORO, NJ 07746
Square Feet:
1982
Lot Size:
95,832
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1920
Basement:
unfinished
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location

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