South Jersey Real Estate Investors Association

84 Thompson St, Salem, NJ 08079

Single Family

Property Status: Available |  For Sale: $15,000.00

Property Photos

Salem NJ Wholesale Property Fixer Upper - $15,000

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $15,000.00
Property Details:
Single Family
Property Style:
Finished Sq Ft:
No Basement
Owner / Agent:
Individual Owner
Property Features:
No Property Features Listed.
Contact Info
Sunset Property Group
(609) 381-0720

View on Individual's Website
Property Description:
84 Thompson Street Salem NJ 08079

1266 Sq Ft

1/2 Duplex

ASKING - $15,000.00

Comparable Sales: Other 4+ Bed Properties

1 Meadowside Lane Salem NJ 08079 - Sold for $115,000.00 - $82.56 Price per Sq Ft

169 Cook Ave Salem NJ 08079 - Sold for $142,000.00 - $94.86 Price per Sq Ft

200 Pine Ave Salem NJ 08079 - Sold for $135,000.00 - $102.43 Price per Sq Ft

    AVG PPSF: $93.28

Flip Profit:

After Repair Value Calculations:

$93.28 X Sq Ft 1266 = After Repair Value of $118,092.48


   Full Gut - $70K - $80k


Potential Flip Profit:

$118K ARV Minus $80k Repairs Minus Closing Costs $10k = $28K

$28k Minus $15k Acquisitions = $13k Profit on a Flip!

Landlord Profit:

Expenses Per Month:

Taxes - $159/Mo (Annual -$1,909)

Insurance - $125/Mo (Annual - $1,500)

Maintenance @ 8%/Year of Gross Rents - $112/Mo (Annual -$1,344)

Revenue per Month:

Rent: $1400

Minus Mortgage After Refi- $800

Profit: $600/Mo (Annual - $7,200)

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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