South Jersey Real Estate Investors Association


27 Pearl Dr, Howell Township, NJ 07731

Single Family / 5 Bedroom(s) / 2 Bath(s)

Property Status: Available |  For Sale: $256,300.00


Property Photos


Wholesale Investment Property


Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $256,300.00
Property Details:
Single Family / 5 BR / 2 BA
Property Style:
2-Story
Year Built:
1920
Finished Sq Ft:
2,160
Basement:
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: realestateacquisitions.co/property/27-pearl-dr-howell/

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.

27 Pearl Dr Howell, NJ 07731 
Fix and Flip

Wholesale Price: $256,300 
Rehab Cost:   $110,000 
After Repair Value: $495,000
Projected Net Profit: $76,725

Property Information 

Building Type: Single Family Home 
Beds: 5
Baths: 2
Property SF: 2160
Real Estate Tax: $6,219
Vacant:  No
Parking: Driveway


Construction Details: 

Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Oil but has gas to the property. Oil tank is underground.
Plumbing: Copper or PVC 
Laundry: Yes
Sewer: Septic – Public Sewer available at the street
Water: Well – Public Water available at the street 
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              $256,300  
Rehab Cost                      $110,000
Estimated closing costs    $9,900
Estimated holding costs    $17,325
Estimated selling costs (5% of ARV) $24,750
Total Initial Investment: 418,275

Net Profit Calculation                                                                                    

Estimated After Repair Value   $495,000
Total Estimated Investment    $418,275
Projected Net Profit:              $76,725

Comparables from the MLS used to determine ARV

Average Cost/SQFT:$306.44
Average Sold Price:$386,801.00
After Repair Value:$495,000.00
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi)
5 PEARL DR
HOWELL, NJ 386,000.00 4/4/2022 1248 1977 309.29 0.09
28 E 1ST ST
HOWELL, NJ 410,000.00 10/12/2021 1282 1975 319.81 0.25
15 E 4TH ST
HOWELL, NJ 385,000.00 8/4/2021 1176 1999 327.38 0.36
113 W 2ND ST
HOWELL, NJ 366,204.00 10/22/2021 1360 1950 269.27 0.46

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.

Contact Us

South Jersey Real Estate Investors Association

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

Proud Chapter of National REIA

Follow Us


Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Disclaimer

www.SJREIA.org  (South Jersey Real Estate Investors Association) does not give legal, tax, economic, or investment advice. SJREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2022 © South Jersey Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.