Asking $ 79,995
Est. Repair $25,000 *
Est. Repaired Value $135,000 **
Potential Gross Profit >>>>$30,000<<<<
This four bedroom ranch style home includes an oversized kitchen, a finished basement, an enclosed front porch, and a one car detached garage. This ranch is located on a cul-de-sac on a quiet street. House does need updating throughout, but once done you can flip it for a nice profit. It can also be rent ready with only approximately $10k worth of TLC. Taxes for this property are approximately $7,357.It can either be a quick flip or a passive income rental property, which can be rented for approximately $1,500 – $1,600 per month.
Gross Income – $18,000
Taxes – $7,357
Insurance – $800
5% Vacancy – $900
Net Income – $8,943
ROI – 9.93% (Return on Investment includes acquisition + $10k worth of rehab)
COMPS:
19 S Club Rd Sold for $123,165 on 07/10/17 (3bed 1bath 924 sqft)
134 County Club Rd Sold for $133,000 on 07/07/17 (3bed 1bath 912 sqft)
34 Richards Ave Sold for $134,000 on 08/10/17 (4bed 1bath 1,432 sqft)
1017 Crest Rd Sold for $129,999 on 07/27/17 (3bed 1bath 924 sqft)
1010 Turnersville Rd Sold for $129,000 on 08/04/17 (3bed 1bath 912 sqft)
27 Valley Dr Sold for $125,100 on 07/28/17 (3bed 1bath 912 sqft)
54 Valley Ct Sold for $152,000 on 07/21/17 (3bed 2bath 912 sqft)
14 S. Club Rd Sold for $135,000 on 10/13/17 (3bed 1.5baths 1,300 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 a 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.