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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.
621 Lakehurst Rd Browns Mills, NJ 08015
Fix & Flip
Wholesale Price: $159,500
Rehab Cost: $70,000
After Repair Value: $300,000 – $322,476
Projected Net Profit: $40,500 – $62,976
Property Information
Building Type:
Bedrooms: 4
Bathrooms: 1.5
Square footage: 1,968
Real Estate Tax: $4,461
Vacant: No – Will be delivered vacant
Owner Occupied: Yes
Parking: Yes
Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Oil
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 $159,500
Rehab Cost $70,000
Estimated closing costs $6,000
Estimated holding costs $9,000
Estimated selling costs (5% of ARV) $15,000
Total Initial Investment: $259,500
Net Profit Calculation
Estimated After Repair Value $300,000 – $322,476
Total Estimated Investment $259,500
Projected Net Profit: $40,500 – $62,976
Comparables from the MLS used to determine ARV
Average Sold Price: $199,250.00
Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
4 PUEBLO TER BROWNS MILLS, NJ |
187,000.00 | 1/15/2021 | 1092 | 1986 | 171.24 | 0.19 |
74 SEPULGA DR BROWNS MILLS, NJ |
221,000.00 | 3/17/2021 | 1380 | 1970 | 160.14 | 0.25 |
7 COCHITA TRL BROWNS MILLS, NJ |
204,000.00 | 3/26/2021 | 1288 | 1983 | 158.38 | 0.43 |
24 TENSAW DR BROWNS MILLS, NJ |
185,000.00 | 3/1/2021 | 1104 | 1954 | 167.57 | 0.46 |