Property Description:
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Wholesale Investment Property
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This property is available for purchase only with Cash, Hard Money, or Private Money.
143 Main St Cedarville, NJ 08311
Fix and Flip
Wholesale Price: $153,182
Rehab Cost: $97,405
After Repair Value: $341,195
Projected Net Profit: $56,299
Property Information
Building Type: Single Family Home
Beds: 5
Baths: 2.5
Property SF: 2,783
Real Estate Tax: $5,625
Vacant: Yes
Parking: Driveway
Construction Details:
Facade and Exterior: Wood Siding
Roof: Shingles
Electric: Breakers
Heating: Oil Heat – (Tank in basement) Hot Water baseboard heat.
Plumbing: Copper
Laundry: Yes
Water: Well
Sewer: Septic
Zoning: Residential
Projected Financials: The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $153,182
Rehab Cost $97,405
Estimated closing costs $6,900
Estimated holding costs $10,350
Estimated selling costs (5% of ARV) $17,059
Total Initial Investment: $284,896
Net Profit Calculation
Estimated After Repair Value $341,195
Total Estimated Investment $284,896
Projected Net Profit: $56,299
Comparables from the MLS used to determine ARV
Average Cost/SQFT:$122.60
Average Sold Price:$240,666.67
After Repair Value:$341,195.80
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi)
18 SHEPPARD AVE
CEDARVILLE, NJ 242,000.00 11/4/2021 1656 1956 146.14 0.14
2 SHEPPARD DAVIS RD
CEDARVILLE, NJ 265,000.00 5/13/2022 1974 1996 134.25 0.36
360 MAIN ST
CEDARVILLE, NJ 215,000.00 9/2/2021 2460 1950 87.4 0.9