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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.
643 State St Perth Amboy, NJ 08861
Fix & Flip OR Buy/Fix/Rent
Wholesale Price: $145,980
Fix & Flip
Rehab Cost: $73,000
After Repair Value: $290,000
Projected Net Profit: $40,570
Buy/Fix/Rent
Rehab Cost: $73,000
After Repair Value: $290,000
Yearly Net Cash Flow: $16,901
Cash On Cash Return: 7.18%
Cap Rate: 7.18%
Property Information
Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 2
Square footage: 1,462
Real Estate Tax: $4,931
Vacant: Yes
Parking: Back Alley & Street
Construction Details
Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
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 $145,980
Rehab Cost $73,000
Estimated closing costs $7,250
Estimated holding costs $8,700
Estimated selling costs (5% of ARV) $14,500
Total Initial Investment: $249,430
Net Profit Calculation
Estimated After Repair Value $290,000
Total Estimated Investment $249,430
Projected Net Profit: $40,570
Rental Analysis
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 653 STATE ST PERTH AMBOY, NJ |
200,000.00 | 9/24/2020 | 1001 | 1909 | 199.8 | 0.02 |
| 651 ELIZABETH ST PERTH AMBOY, NJ |
269,000.00 | 11/25/2020 | 1676 | 1909 | 160.5 | 0.07 |
| 655 CHARLES ST PERTH AMBOY, NJ |
266,000.00 | 11/12/2020 | 1584 | 1939 | 167.92 | 0.12 |
| 100 BUCKINGHAM AVE PERTH AMBOY, NJ |
265,000.00 | 12/8/2020 | 1284 | 1890 | 206.38 | 0.24 |