South Jersey Real Estate Investors Association

This Property is Not Active


84 Thompson St, Salem, NJ 08079

Single Family

Property Status:  Not Available | $15,000.00 | 


Property Photos


Salem NJ Wholesale Property Fixer Upper - $15,000


Property Status:
Not Available | $15,000.00

Contact Info
Sunset Property Group
(609) 381-0720

Request To See This Property
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.
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)

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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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Marlton, NJ 08053
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