Asking 69,995
Est. Repair $35,000 *
Est. Repaired Value $150,000 **
Potential Gross Profit >>>>45,000<<<<
Here is a great wholesale deal located in Winslow Township ready to be Flipped or Rented. Solid brick ranch house that features 3 bedrooms, 1 bath, hardwood floors, vinyl windows, full basement, large driveway, oversized storage shed, city sewer and city water. House can be rent ready with about $15k worth of work. Taxes for this property are about $5,155 and home like this can rent for approximately $1,500 – $1,600 per month. Below is a break down if you decided to rent it.
Gross Income – $18,000
Taxes – $5,155
Insurance – $800
5% Vacancy – $900
Net Income – $11,145
ROI – 13.11% (Return on Investment includes acquisition + $15k worth of work)
Comps:
(1) 205 Pear Tree Ave Sold for $159k on 12/06/17 (3bed 1bath 1,524 Sqft)
(2) 241 Bittlewood Ave Sold for $162k on 09/25/17 (3bed 2bath 1,344 Sqft)
(3) 204 Chestnut Ave Sold for $165k on 11/28/17 (3bed 1bath 1,056 Sqft)
(4) 148 Cross Keys Rd Sold for $175k on 09/18/17 (4bed 2bath 1,819 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.