Asking $ 44,995
Est. Repair $45,000 *
Est. Repaired Value $125,000 **
Potential Gross Profit >>>>$35,000<<<<
INVESTOR ALERT!!!!!
Great deal in Burlington City NJ. Home features 3 bedrooms 1 bath on a 50×70 Lot. House needs updating throughout. You can either flip or rent it, either way you will be making money. House can be rent ready with about $30k worth of work. Houses in the area rent for approximately $1,300 – $1,400 per month. Taxes are only $2,851 per year. Below is a break down if you decided to rent it.
Gross Income – $16,800
Taxes – $2,851
Insurance – $800
5% Vacancy – $840
Net Income – $12,309
ROI – 13.86% (Return on Investment includes acquisition + $30k worth of work)
Comps:
(1) 808 Bordentown Rd Sold for $120k on 07/07/17 (3bed 2bath 1,176 Sqft)
(2) 817 Columbus Rd Sold for $125k on 05/15/17 (3bed 1bath 1097 Sqft)
(3) 38 Morris Ave Sold for $130k on 08/30/17 (2bed 1bath 1,181 Sqft)
(4) 810 Bordentown Rd Sold for 152k on 10/30/17 (3bed 2bath 1,184 Sqft)
(5) 735 Columbus Rd Sold for $164k on 11/21/17 (3bed 1bath 1,344 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.