78 Teak Rd – Dumont Available

  • $423,000
  • 3 beds
  • 1.5 baths
  • 1,620 sqft

*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.

78 Teak Rd Dumont, NJ 07628 

Fix and Flip / Rental

Wholesale Price: $423,000
Rehab Cost:   $80,000
After Repair Value: $650,000
Projected Net Profit: $81,344

Property Information

Building Type: Single Family 
Real Estate Tax: $12,781.00 
Vacant: No 
Owner Occupied: Yes 
Parking: 3 Cars + 

Construction Details: Mainly Cosmetic, structure is sound. 

Facade and Exterior: Vinyl Siding
Roof: 10 years old
Electric: Breaker Box
Heating: Forced Air – Original
Plumbing: PVC
Laundry: Yes
Sewer: Public Sewer
Water: Public Water
Zoning: RB

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.

Fix and Flip

Investment Type                                                             Cost                                 

Wholesale Price                                                             $423,000
Rehab Cost                                                                        $80,000
Estimated closing costs                                                $13,262 
Estimated holding costs                                               $19,894
Estimated selling costs (5% of ARV)                         $32,500
Total Initial Investment:                                         $568,656

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $650,000
Total Estimated Investment                                       $568,656
Projected Net Profit:                                                      $81,344

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $402.30
Average Sold Price: $592,868.14
After Repair Value: $651,726.00
Address  Price Sold  Sold Date  Size (sf)  Year Built  Price per sf  Distance from
subject
property (mi) 
93 TEAK RD
DUMONT, NJ 
700,000.00  4/5/2022  2100  1961  333.33  0.05 
51 SYCAMORE RD
DUMONT, NJ 
485,000.00  9/14/2021  1276  1958  380.09  0.13 
60 WHITE BEECHES DR
DUMONT, NJ 
625,000.00  9/15/2021  1446  1956  432.23  0.19 
80 WHITE BEECHES DR
DUMONT, NJ 
610,000.00  5/19/2022  1458  1956  418.38  0.21 
29 WHITE BEECHES DR
DUMONT, NJ 
475,000.00  1/13/2022  984  1956  482.72  0.23 
Price:
$423,000
Address:
78 Teak Rd
Dumont, NJ 07628
Square Feet:
1,620
Lot Size:
9,901
Bedrooms:
3
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1968
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location