Asking 59,900
Est. Repair $50,000 *
Est. Repaired Value $160,000 **
Potential Gross Profit >>>>$50,100<<<<
One level ranch located in desirable Whiteman Square subdivision of Turnerville, NJ. Home features 2 bedrooms, 1 bath, 1 car garage attached and 1014 Sqft of living space in more than 1/2 acre of land. Home is gas heated, private well and septic. House can be a great flip or rental. Home can be rent ready with approximately $20k worth of work, taxes are about $5,541 and rents in the area go for about $1,200 – $1,300 per month. Below is a break down if you decided to rent it.
Gross Income – $14,400
Taxes – $5,541
Insurance – $800
5% Vacancy – $720
Net Income – $7,339
ROI – 9.17% (Return on Investment includes acquisition + $20k worth of work)
Comps:
(1) 115 Redwood St Sold for $187k on 06/01/18 (3bed 1bath 1,236 Sqft)
(2) 336 Johnson Rd Sold for $190k on 08/31/17 (3bed 2.5baths 1,694 Sqft)
(3) 717 Jefferson Dr Sold for $191k on 08/25/17 (2bed 1.5baths 1,464 Sqft)
(4) 1029 Hancock Dr Sold for $195k on 04/16/18 (3bed 1.5 baths 1,664 Sqft)
(5) 806 Ellis Jones Rd Sold for $220k on 08/15/17 (3bed 2bath 1,700 Sqft)
(6) 821 Richmond Dr Sold for $224k on 07/21/17 (3bed 2.5baths 1,566 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.