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:
2-Story
Finished Sq Ft:
1,366
Basement:
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

    Repairs:

   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.

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.