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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.
61 Forest Ave, Keansburg, NJ 07734
Fix and Flip
Wholesale Price: $89,000
Rehab Cost: $80,000
After Repair Value: $230,000
Projected Net Profit: $38,500
Property Information
Building Type: Single Family Residence
Real Estate Tax: $2,758
Vacant: Yes
Parking: Street
Construction Details:
Facade and Exterior: Siding
Roof: wood / Shingles
Electric: None
Heating: None
Plumbing: None
Laundry: None
Water: Public Water
Sewer: Public Sewer
Zoning: Residential
Fix and Flip
Investment Type Cost
Wholesale Price $89,000
Rehab Cost $80,000
Estimated closing costs $5,000
Estimated holding costs $6,000
Estimated selling costs (5% of ARV) $11,500
Total Initial Investment: $191,500
Net Profit Calculation
Estimated After Repair Value $230,000
Total Estimated Investment $191,500
Projected Net Profit: $38,500
Comparables from the MLS used to determine ARV
Average Sold Price: $226,666.67
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
|---|---|---|---|---|---|---|
130 FOREST AVE KEANSBURG, NJ |
230,000.00 | 5/19/2022 | 616 | 1920 | 373.38 | 0.17 |
30 SEASIDE PL KEANSBURG, NJ |
225,000.00 | 11/30/2021 | 690 | 1942 | 326.09 | 0.22 |
184 SEELEY AVE KEANSBURG, NJ |
225,000.00 | 8/8/2022 | 882 | 1938 | 255.1 | 0.56 |