Property Description:
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Wholesale Investment Property
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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