Asking $ 99,900
Est. Repair $50,000 *
Est. Repaired Value $215,000 **
Potential Gross Profit >>>>$65,000<<<<
Big house located in Somerset section of Willingboro with rare 5 bedrooms 2.5 bathrooms and addition on 65×100 Lot. House needs updating throughout but once done you can flip a BIG return. Can also be rent ready with about $30k worth of work. Taxes for this property are about $7,561 per year and can be rented for about $1,800 – $2,000 per month click for here for —-> (Rent Data) Below is a break down if you decided to rent it. Come see today for yourself and let’s make a deal.
Gross Income – $21,600
Taxes – $7,561
Insurance – $800
5% Vacancy – $2,160
Net Income – $11,079
ROI – 8.52% (Return on Investment includes acquisition + $30k worth of work)
COMPS:
(1) 15 Spiralwood Ln Sold for $186k on 07/14/17 (3bed 2.5bath 1,727 sqft)
(2) 33 Spindletop Ln Sold for $189k on 03/05/18 (3bed 2.1bath 2,350 sqft)
(3) 57 Sylvan Ln Sold for $200k on 08/30/17 (4bed 2.1bath 2,614 sqft)
(4) 9 Patriot Ln Sold for 206k on 05/30/17 (5bed 3.1bath 2,070 sqft)
(5) 26 Stafford Ln for 210k on 04/28/17 (4bed 2.1bath 2,300 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 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.