South Jersey Real Estate Investors Association

531 Cooper St, Laurel, DE 19956

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status: Available (Wholesale) |  For Sale: $100,000.00

Property Photos

Laurel Delaware Wholesale Property - Sunset Property Group - 6/8/22

Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $100,000.00
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
No Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
Sunset Property Group
(609) 381-0720

View on Individual's Website
Property Description:
531 Cooper St Laurel, DE 19956
1,200 Sq Ft
2 Beds 1 Bath
ASKING - $100,000.00

Comparable Sales: Other 2+ Bed Properties

101 Records Pond Court, Laurel, DE 19956 - Sold for $225,000.00 - $156.25 Price per Sq Ft
511 Cooper St Laurel, DE 19956 - Sold for $185,000 - $154.17 Price per Sq Ft
324 E 6th St, Laurel, DE 19956 - Sold for $185,000 - $205.55 Price per Sq Ft
109 Broadcreek Rd, Laurel, DE 19956 - Sold for $$235,000 - $195.83 Price per Sq F

    AVG PPSF: $177.95

Flip Profit:

After Repair Value Calculations:

$AVG SQ FT X Sq Ft house = After Repair Value of $213,540


   Roof: $17,500
   Drywall: $10k
   Kitchen: $10k
   Bathroom: $10k
   Flooring: $10k
   Heating: $3k
   Misc: $10k

Potential Flip Profit:

$213,540 ARV Minus $70,500k Repairs Minus Closing Costs $10k = $133,040

$133,040 Minus $100k Acquisitions = $33,040 Profit on a Flip!

Landlord Profit:

Expenses Per Month:

Taxes - $214/Mo (Annual -$2,568)
Insurance - $125/Mo (Annual - $1,500)
Maintenance @ 8%/Year of Gross Rents - $112/Mo (Annual -$1,344)

Revenue per Month:

Rent: $1400 - Expenses: $451= $949

Profit: $949/Mo (Annual - $11,388)

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

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  (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.