Asking $52,000
Est. Repair $30,000 *
Est. Repaired Value $120,000 **
Potential Gross Profit >>>>$38,000<<<<
INVESTOR ALERT!!!!!
Great opportunity for you to grab an easy project. Home comes with 3bed 1bath in nice and quiet neighborhood. Needs minor TLC work to either flip or rent. Home will need approximately $5k worth of TLC to get rent ready. Taxes are $4,855 per year and homes in the area are renting for about $1,100 – $1,200 per month. Below is a break down if you decided to rent it. Come see today for yourself and let’s make a deal.
Gross income – $13,200
Taxes – $4,855
Insurance – $800
5% Vacancy – $660
Net Income – $6,885
ROI – 12% (Return on Investment includes acquisition + $5k worth of work)
COMPS:
(1) 101 Queen Ave Sold for $95k on 09/15/17 (3bed 1bath 940 sqft)
(2) 123 Queen Ave Sold for $123k on 03/16/18 (3bed 1bath 1,279 sqft)
(3) 123 N. River Dr Sold for $140k on 09/15/17 (2bed 1.5baths 1,221 sqft)
(4) 23-24 Pennsylvania Ave Sold for $144k on 07/29/17 (3bed 2bath 1088 sqft)
CALL OR TEXT JOHN JARAMILLO FOR MORE INFO AT 732-630-2627
IF YOU NEED FUNDING TO PURCHASE THIS PROPERTY OR ANY OF OUR PROPERTIES, PLEASE GIVE US A CALL AND WE CAN PUT YOU IN TOUCH WITH ONE OF OUR AFFILIATE LENDERS.
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL John at 732-630-2627. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.
*Estimate repairs are only an estimate, all buyers are encouraged to visit the property with the contractor and gather an estimate.
**After Repair Value is an estimate of what the property can be resold after repairs have been completed. All buyers should perform their own due-diligence.