Asking $15,995
Est. Repair $35,000 *
Est. Repaired Value $75,000 **
Potential Gross Profit >>> $24,000 <<<
Flip or rent either way this is a MONEY MAKER. House features 3 Bedrooms 1 Bath on a 930 Sqft will need some work. Taxes for this property are ony $674 per year, with about $15k worth of work this property can rent for about $900 – $1,000. The numbers below are an estimate of what your Gross and Net passive income can look like based on you renting it for the minimum of $900 per month.
Gross Income – $10,800
Taxes – $674
5% Vacancy – $540
Insurance – $600
Net Income – $8,986
ROI – 27.23% (this includes $15k worth of work + acquisition)
Comps:
6140 Wheeler St Sold for $66,000 on 05/02/17
2543 S. Wanamaker St Sold for $67,000 on 09/07/16
6528 Theodore St Sold for $72,750 on 04/04/17
6157 Reedland Sold for $75,000 on 01/27/17
6109 Harley Ave Sold for $77,000 on 02/16/17
6305 Guyer Ave Sold for $79,000 on 02/09/17
6254 Lindbergh Blvd Sold for $80,000 on 02/08/17
6538 Reedland St Sold for $80,000 on 08/03/16
6160 Wheeler St Sold for $112,000 on 03/02/17
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 Jaramillo 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 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.