431 Sloping Hill Ter – Brick Available

  • $396,000
  • 4 beds
  • 4 baths
  • 3,552 sqft

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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.

This property is available for purchase only with Cash, Hard Money, or Private Money.

431 Sloping Hill Ter Brick, NJ 08723

Fix and Flip 

Wholesale Price: $396,000
Rehab Cost: $150,000
After Repair Value: $761,118 
Projected Net Profit: $139,063

Property Information
Building Type: Single Family Residence
Bedroom: 4
Bath: 4
Square footage: 3,552
Real Estate Tax: $14,289
Vacant: No
Owner Occupied: Non-Owner Occupied
Parking: Yes

Construction Details
Facade and Exterior – Stucco
Roof – Shingles
Heating – Oil for current heater – Gas is on property and used for the water heater
Plumbing – Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes

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                                                       $396,000 
Rehab Cost                                                                $150,000
Estimated closing costs                                          $15,200
Estimated holding costs                                         $22,800
Estimated selling costs (5% of ARV)                   $38,055
Total Initial Investment:                                     $622,055  

Net Profit Calculation                                                                                    

Estimated After Repair Value                              $761,118 
Total Estimated Investment                                 $622,055   
Projected Net Profit:                                               $139,063 

Comparables from the MLS used to determine ARV

Average Cost/SQFT:$225.54
After Repair Value: $761,118
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
385 SPRUCE DR
BRICK, NJ
285,000.00 10/13/2020 1224 1971 232.84 0.28
429 CRESTVIEW TER
BRICK, NJ
405,000.00 10/5/2020 1740 1965 232.75 0.17
370 DELAWARE DR
BRICK, NJ
378,000.00 2/2/2021 1632 1958 231.61 0.36
404 HUDSON DR
BRICK, NJ
285,000.00 3/9/2021 1248 1976 228.36 0.29
271 VERMONT DR
BRICK, NJ
355,000.00 12/3/2020 1560 1960 227.56 0.22
361 WISTERIA DR
BRICK, NJ
325,000.00 11/24/2020 1466 1975 221.69 0.37
367 OLD TOMS RIVER RD
BRICK, NJ
535,000.00 4/30/2021 2516 1998 212.63 0.39

 

Price:
$396,000
Address:
431 Sloping Hill Ter
Brick, NJ 08723
Square Feet:
3,552
Lot Size:
24,999
Bedrooms:
4
Bathrooms:
4
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1978
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location