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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.
4488 Route 47 Delmont, NJ 08314
Fix & Flip OR Buy/Fix/Rent
Wholesale Price: $49,347
Fix & Flip
Rehab Cost: $40,000
After Repair Value: $134,357
Projected Net Profit: $68,856
Buy/Fix/Rent
Rehab Cost: $40,000
After Repair Value: $134,357
Yearly Net Cash Flow: $8,962
Cash On Cash Return: 9.42%
Cap Rate: 9.42%
Property Information
Building Type: Single Family Home
Bedrooms: 2 – Office was used as a 3rd bedroom.
Bathrooms: 1
Square footage: 1,462
Real Estate Tax: $4,931
Vacant: Yes
Parking: Driveway
Construction Details
Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Oil – Above Ground Tank – Replaced in 2012
Plumbing: Copper
Laundry: Yes
Water: Well
Sewer: Septic
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 $49,347
Rehab Cost $40,00
Estimated closing costs $2,687
Estimated holding costs $2,750
Estimated selling costs (5% of ARV) $6,717
Total Initial Investment: $65,501
Net Profit Calculation
Estimated After Repair Value $134,357
Total Estimated Investment $65,501
Projected Net Profit: $68,856
Rental Analysis
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 4549 ROUTE 47 DELMONT, NJ |
140,000.00 | 9/25/2020 | 1465 | 1900 | 95.56 | 0.64 |