Asking 69,000
Est. Repair $20,000 *
Est. Repaired Value $170,000 **
Potential Gross Profit >>>>$81,000<<<<
Renovated home at a wholesale Price! What more can you ask for?
Here is a Colonial in move in condition with new kitchen, granite counters, and stainless steel appliances, living room with pumpkin pine flooring and sliders to deck overlooks the brook. New carpeting and recently painted with neutral colors. Basement partially finished with a family room and walk out to the rear yard. This house just needs a new septic. Taxes for these house are $5,073 per year and homes in the area rent for about $1,100 – $1,200 . Below is a break down if you decided to rent it.
Gross Income – $13,200
Taxes – $5,073
Insurance – $800
5% Vacancy – $660
Net Income – $6,667
ROI – 7.93% (Return on Investment includes acquisition + $15k worth of work)
Comps:
(1) 702 State Rt 173 Sold for $169k on 05/15/18 (2bed 1bath 1,318 Sqft)
(2) 64 Brunswick Ave Sold for $225k on 05/18/18 (3bed 1.5 baths 1,696 Sqft)
(3) 73 Brunswick Ave Sold for $250k on 07/17/17 (4bed 2baths 1,534 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.