South Jersey Real Estate Investors Association

This Property is Not Active

61 Forest Ave, Keansburg, NJ 07734

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status:  Not Available | $89,000.00 | 

Property Photos

Wholesale Investment Property

Property Status:
Not Available | $89,000.00
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Owner / Agent
Property Features:
No Property Features Listed.
Contact Info
Real Estate Acquisitions Co.
(609) 807-1497

View on Individual's Website
Property Description:
To see more details and pictures on the property please check the link:

Wholesale Investment Property 

All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.

This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

This property is available for purchase only with Cash, Hard Money, or Private Money.

61 Forest Ave, Keansburg, NJ 07734
Fix and Flip

Wholesale Price: $89,000
Rehab Cost:   $80,000
After Repair Value: $230,000
Projected Net Profit: $38,500

Property Information

Building Type: Single Family Residence
Real Estate Tax: $2,758
Vacant: Yes
Parking: Street

Construction Details:
Facade and Exterior: Siding
Roof: wood / Shingles
Electric: None
Heating: None
Plumbing: None
Laundry: None
Water: Public Water
Sewer: Public Sewer
Zoning: Residential

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip

Investment Type                          Cost                                 

Wholesale Price                         $89,000
Rehab Cost                               $80,000
Estimated closing costs              $5,000 
Estimated holding costs             $6,000 
Estimated selling costs (5% of ARV)     $11,500
Total Initial Investment:                      $191,500

Net Profit Calculation                                                                                    

Estimated After Repair Value           $230,000
Total Estimated Investment             $191,500
Projected Net Profit:                       $38,500

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $318.19
Average Sold Price: $226,666.67
After Repair Value: $230,000

Address                Price Sold         Sold Date        Size (sf)       Year Built       Price per sf      Distance from subject property (mi)
KEANSBURG, NJ    230,000.00     5/19/2022         616              1920              373.38                     0.17
KEANSBURG, NJ   225,000.00      11/30/2021       690              1942              326.09                     0.22
KEANSBURG, NJ   225,000.00       8/8/2022          882              1938              255.1                      0.56

Legal Disclaimer:
South Jersey Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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South Jersey Real Estate Investors Association

PO Box 689
Marlton, NJ 08053
(856) 663-1133

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