Asking 99,900
Est. Repair $55,000 *
Est. Repaired Value $230,000 **
Potential Gross Profit >>>>$75,100<<<<
This house will NOT last long…Located in a very hot area of Hawthorne Park section of Willingboro. The property needs updating but as you can see by the pictures there’s a newer HVAC system, hot water heater and electrical panel. This is purely a cosmetic job & the house has a great layout. House comes with 5 bedrooms, 2.5 bathrooms, 1 car garage, public water/sewer and 2,371 Sqft of living space. Taxes for are about $5,892 per year. House can also be rent ready with about $15k worth of work and can rent for between $1,700 – $2,000 per month. Taxes Below is a break down if you decided to rent it.
Gross Income – $20,400
Taxes – $5,892
Insurance – $1,000
5% Vacancy – $1,020
Net Income – $12,488
ROI – 10.85% (Return on Investment includes acquisition + $15k worth of work)
Comps:
(1) 42 Haskell Ln Sold for $180k on 11/16/17 (3bed 2bath 1,696 Sqft)
(2) 55 Hewlet Ln Sold for $182k on 12/29/17 (4bed 2bath 1,835 Sqft)
(3) 19 Hinsdale Ln Sold for $187k on 10/23/17 (4bed 2bath 1,871 Sqft)
(4) 71 Hawthorne Ln Sold for $192k on 08/11/17 (3bed 2.5baths 2,072 Sqft)
(5) 34 Hinsdale Ln Sold for $197k on 07/14/17 (4bed 2.5baths 1,871 Sqft)
(6) 10 Hancock Ln Sold for $205k on 04/27/18 (3bed 2.5baths 1,799 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.