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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.
97 N MAPLE AVE. TUCKERTON, NJ 08087
Fix and Flip
Wholesale Price: $87,923
Rehab Cost: $100,000
After Repair Value: $261,005
Projected Net Profit: $46,981
Property Information
Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
Square footage: 2,161
Real Estate Tax: $3,970.
Vacant: Yes
Owner Occupied: No
Parking: Drive way and detached garage
Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: On site
Public Water: No – Well Water
Public Sewer: No – 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 $87,923
Rehab Cost $100,000
Estimated closing costs $6,525
Estimated holding costs $6,525
Estimated selling costs (5% of ARV) $13,050
Total Initial Investment: $214,023
Net Profit Calculation
Estimated After Repair Value $261,005
Total Estimated Investment $214,023
Projected Net Profit: $46,981
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) |
| 81 N MAPLE AVE
TUCKERTON, NJ |
275,000.00 | 9/15/2020 | 2288 | 1800 | 120.19 | 0.12 |
| 116 N MAPLE AVE
TUCKERTON, NJ |
390,000.00 | 8/18/2020 | 3218 | 1970 | 121.19 | 0.25 |
Average Sold Price: $332,500.00