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.
59 White St, Mount Holly, NJ 08060
Wholesale Price: $99,000
After Repair Value: $145,000
Option #1: Fix-N-Flip
Estimated Rehab Cost: $5,000
Projected Net Profit: $27,647
Option #2: Cashflow Rental
Net Operating Income: $11,301
Cap Rate: 10.59%
Property Information
Building Type: Residential
Bedrooms: 3
Bathrooms: 1
Real Estate Tax: $3,860
Occupancy: Vacant
Parking: Street Parking
Construction Details:
Façade and Exterior: Aluminum
Roof: Shingle
Electric: Breakers
Laundry: Basement
Heating: Gas
Plumbing: PEC
Zoning: Residential
Projected Financials: The following pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research.
Option #1: Fix & Flip
Investment Type Cost
Wholesale price $99,000
Rehabilitation cost $5,000
Estimated closing costs $2,722
Estimated holding costs $1,930
Estimated selling costs $8,700
Total Initial Investment: $117,352
Net Profit Calculation
Estimated After Repair Value $145,000
Total Estimated Investment -$117,352
Projected Net Profit: $27,747
Annualized Return (4 mos) 70.68%
Annualized Return (6 mos) 47.12%
Annualized Return (8 mos) 35.34%
Annualized Return (12 mos) 23.56%
Option #2: Passive Income Rental
Investment Type Cost
Wholesale price $99,000
Rehab cost $5,000
Estimated closing costs $2,722
Total Initial Investment: $106,722
Rental Cash Flow (Yearly) Cap Rate: 10.59%
Rental Income @ $1,650/mo $19,800.
Vacancy/Maintenance (1 month rent) -$1,650
Utilities (Water Bill) -$0
Accounting -$125
Landscaping -$150
Leasing commissions -$330
Estimated Insurance -$800
Estimated Taxes -$3,860
Property Management Fee’s (8%) -$1,584
*8% applies if we are managing a portfolio of 2 or more
of your properties. Standard rate is 10%.
Total Yearly NOI: $11,301.00