*To expand the pictures and see them in HD Please click on the large photo.
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.
62 Belinda Ct Brick, NJ 08724
Fix and Flip
Wholesale Price: $208,000
Rehab Cost: $20,800
After Repair Value: $295,349
Projected Net Profit: $33,965
Property Information
Building Type: Ranch– Condo
Beds: 2
Baths: 1
Property SF: 1,040
Real Estate Tax: $3,681
Vacant: Yes
Owner Occupied: No
Parking: 2 Parking spaces
Construction Details: Evergreen Woods Park,Desirable Ranch style condo 2 bedroom 1 bath , eat in kitchen with sliders to deck and common area, Plenty of closet space finished basement with a separate utility room Central AC. Conveniently located to GSP, Rt. 195 shopping and restaurants. unit is 1040 square feet without basement.
Facade and Exterior: Bricks
Roof: Shingle
Electric: Breaker
Heating: Forced Air, Natural Gas, Central Air
Plumbing: PVC
Laundry: yes
Sewer: Public Sewer
Water: Public
Zoning: Condo
Fix and Flip
Investment Type Cost
Wholesale Price $208,000
Rehab Cost $20,800
Estimated closing costs $5,906
Estimated holding costs $8,860
Estimated selling costs (5% of ARV) $14,767
Total Initial Investment: $258,333
Net Profit Calculation
Estimated After Repair Value $295,349
Total Estimated Investment $258,333
Projected Net Profit: $37,016
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) |
| 34 ADRIANA CT BRICK, NJ |
232,500.00 | 4/27/2022 | 1056 | 1974 | 220.17 | 0.02 |
| 20 HERBORN AVE BRICK, NJ |
310,000.00 | 8/2/2021 | 1060 | 1966 | 292.45 | 0.1 |
| 47 BURNT TAVERN RD BRICK, NJ |
345,000.00 | 9/20/2021 | 1000 | 1955 | 345 | 0.18 |
| 1462 VIOLA CT BRICK, NJ |
285,000.00 | 5/5/2022 | 1024 | 1974 | 278.32 | 0.19 |