*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
| 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 |