Wholesale Investment Property
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This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
93 LONGVIEW DR GREEN BROOK NJ 08812
Fix & Flip
Wholesale Price: $279,625
Rehab Cost: $90,000
After Repair Value: $475,000
Projected Net Profit: $53,125
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 4
Bathrooms: 2.5
Square footage: 2,444
Real Estate Tax: $12,444
Occupancy: Vacant
Parking: Yes
Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: Yes
City Sewage
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
Investment Type Cost
Wholesale Price $279,625
Rehab Cost $90,000
Estimated closing costs $9,500
Estimated holding costs $19,000
Estimated selling costs (5% of ARV) $23,750
Total Initial Investment: $421,875
Net Profit Calculation
Estimated After Repair Value $475,000
Total Estimated Investment $421,875
Projected Net Profit: $53,125
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) |
| 78 LONGVIEW DR GREEN BROOK, NJ |
545,000.00 | 12/11/2019 | 2935 | 1970 | 185.68 | 0.16 |
| 20 LENOX AVE GREEN BROOK, NJ |
325,000.00 | 3/13/2020 | 1488 | 1960 | 218.41 | 0.32 |
| 341-343 TOP AVE GREEN BROOK, NJ |
460,000.00 | 12/27/2019 | 2064 | 2017 | 222.86 | 0.41 |
| 207 4TH ST GREEN BROOK, NJ |
465,000.00 | 4/20/2020 | 2064 | 1960 | 225.29 | 0.43 |