South Jersey Real Estate Investors Association

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531 Cooper St, Laurel, DE 19956

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

Property Status:  Not Available | $100,000.00 (Wholesale) | 


Property Photos


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


Property Status:
Not Available | $100,000.00 (Wholesale)

Contact Info
Sunset Property Group
(609) 381-0720

Request To See This Property
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
2-Story
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
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

   Repairs:

   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 is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. 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 nor will be held liable for the property or the information listed here.

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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