Fix and Flip this Gem đ!!!!
Asking $210,000
Est. Repairs $50,000 *
Est. Repaired Value $335,000 **
Potential Gross Profit >>>>$75,000<<<<
Fix and Flip deal in desirable Deptford NJ. Â Home comes with approximately 1,368 sqft of living space featuring 2 bathrooms and 3 bedrooms. Â Flip this house a great chuck of cash or keep it as rental and grow your rental portfolio. Â Will need about $50k of work to flip for a good profit (Roof like NEW! Only 3 years old). Â You can also keep it and get it rent ready with about $20k. Â Current taxes are about $4,751 Â per year and a home like this can rent between $2,100 â $2,200 per month.
Below is a break down if you decided to keep it as a yearly rental.
Gross Income â $25,200
Taxes â $4,751
Insurance â $900
5% Vacancy â $1,260
Net Income â $18,289
ROI â 7.95% (Return on Investment includes acquisition + $20k in repairs)Â
Please note estimates are our opinion on value based on the data gathered. Â
Our conservative Est. Value is about $335k. Â Please perform your own due-diligence Â
Comps:
(1) 2111 County House Rd  Sold for $375k on 12/14/23 DOM 76
(4bed 3bath 1,856 Sqft Updated $202 per Sqft)
(2) 848 Market Ave Sold for $350k on 10/10/23 DOM 18
(4bed 2.5baths 1604 Sqft Updated $218 per Sqft)
(3) 130 Bayer Ave Sold for $345k on 10/20/23 DOM 10
(4bed 2 bath 1,877 Sqft Outdated $183 per Sqft)
(4) 431 Hickory Ave St Sold for $330k on 11/02/23 DOM 17
(3bed 1.5 baths 1,532 Sqft Outdated $215 per Sqft)
(5) 1570 Good Intent Rd Sold for $320k on 04/21/23 DOM 46
(4bed 2 baths 1,568 Sqft Fully Renovated $204 per Sqft )
(6) 1642 Good intent Rd Sold for $295k on 01/31/24 DOM 9
(4bed 1bath 1,428 Sqft Outdated $206 per Sqft)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 AFFILIATEÂ LENDERS.
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchased 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 âas isâ, any and all inspections and certifications, including Certificate of Occupancy will be Buyerâs 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.