Property Description:
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This property is available for purchase only with Cash, Hard Money, or Private Money.
78 Teak Rd Dumont, NJ 07628
Fix and Flip / Rental
Wholesale Price: $423,000
Rehab Cost: $80,000
After Repair Value: $665,000
Projected Net Profit: $95,594
Property Information
Building Type: Single Family
Real Estate Tax: $12,781.00
Vacant: No
Owner Occupied: Yes
Parking: 3 Cars +
Construction Details: Mainly Cosmetic, structure is sound.
Facade and Exterior: Vinyl Siding
Roof: 10 years old
Electric: Breaker Box
Heating: Forced Air – Original
Plumbing: PVC
Laundry: Yes
Sewer: Public Sewer
Water: Public Water
Zoning: RB
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 $423,000
Rehab Cost $80,000
Estimated closing costs $13,262
Estimated holding costs $19,894
Estimated selling costs (5% of ARV) $33,250
Total Initial Investment: $569,406
Net Profit Calculation
Estimated After Repair Value $665,000
Total Estimated Investment $569,406
Projected Net Profit: $95,594
Comparables from the MLS used to determine ARV
Average Cost/SQFT: $409.35
Average Sold Price: $579,000.00
After Repair Value: $665,000.00
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi)
93 TEAK RD
DUMONT, NJ 700,000.00 4/5/2022 2100 1961 333.33 0.05
51 SYCAMORE RD
DUMONT, NJ 485,000.00 9/14/2021 1276 1958 380.09 0.13
60 WHITE BEECHES DR
DUMONT, NJ 625,000.00 9/15/2021 1446 1956 432.23 0.19
80 WHITE BEECHES DR
DUMONT, NJ 610,000.00 5/19/2022 1458 1956 418.38 0.21
29 WHITE BEECHES DR
DUMONT, NJ 475,000.00 1/13/2022 984 1956 482.72 0.23