Property Description:
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Wholesale Investment Property
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11 Shirley St Woodstown, NJ 08098
Fix and Flip
Wholesale Price: $109,000
Rehab Cost: $115,400
After Repair Value: $305,000
Projected Net Profit: $50,000
Property Information
Building Type: Single Family Residence
Bedrooms: 3
Bathrooms: 2.5
Square footage: 1990
Real Estate Tax: $3,962
Vacant: Yes
Owner Occupied: No
Parking: No
Construction Details: it used to be a dance studio and its right in between residential houses. It’s pretty much down to the studs and the room are wide open.
Approx. 2000 sq. Ft. Building. Mostly open. Needs work but could be made in a very nice duplex. Nice neighborhood. Near schools.
Facade and Exterior: Block with A frame roof
Roof: Shingles
Electric: Brakers
Heating: Gas
Plumbing: PVC
Laundry: No
Sewer: Public
Water: Public
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
Investment Type Cost
Wholesale Price $109,000
Rehab Cost $115,400
Estimated closing costs $9,000
Estimated holding costs $9,000
Estimated selling costs (5% of ARV) $15,250
Total Initial Investment: $257,650
Net Profit Calculation
Estimated After Repair Value $305,000
Total Estimated Investment $257,650
Projected Net Profit: $47,350
Comparables from the MLS used to determine ARV
Average Cost/SQFT: $170.06
Average Sold Price: $ 250,050.00
After Repair Value: $305,000.00
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject property (mi)
12 SHIRLEY ST 87,500.00 1/28/2019 1326 1950 65 0.01
WOODSTOWN, NJ
5 MACALTIONER AVE 225,000.00 9/21/2021 1200 1946 187.5 0.11
WOODSTOWN, NJ
9 MACALTIONER AVE 205,250.00 3/25/2022 1118 1955 183.58 0.13
WOODSTOWN, NJ
38 CHESTNUT DR 412,500.00 7/21/2021 1698 1957 242.93 0.24
WOODSTOWN, NJ
27 CHESTNUT DR 320,000.00 /7/2021 1868 1950 171.3 0.3
WOODSTOWN, NJ