Property Description:
To see more details and pictures on the property please check the link: realestateacquisitions.co/property/61-forest-ave-keansburg/
Wholesale Investment Property
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This property is available for purchase only with Cash, Hard Money, or Private Money.
61 Forest Ave, Keansburg, NJ 07734
Fix and Flip
Wholesale Price: $89,000
Rehab Cost: $80,000
After Repair Value: $230,000
Projected Net Profit: $38,500
Property Information
Building Type: Single Family Residence
Real Estate Tax: $2,758
Vacant: Yes
Parking: Street
Construction Details:
Facade and Exterior: Siding
Roof: wood / Shingles
Electric: None
Heating: None
Plumbing: None
Laundry: None
Water: Public Water
Sewer: Public Sewer
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 $89,000
Rehab Cost $80,000
Estimated closing costs $5,000
Estimated holding costs $6,000
Estimated selling costs (5% of ARV) $11,500
Total Initial Investment: $191,500
Net Profit Calculation
Estimated After Repair Value $230,000
Total Estimated Investment $191,500
Projected Net Profit: $38,500
Comparables from the MLS used to determine ARV
Average Cost/SQFT: $318.19
Average Sold Price: $226,666.67
After Repair Value: $230,000
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi)
130 FOREST AVE
KEANSBURG, NJ 230,000.00 5/19/2022 616 1920 373.38 0.17
30 SEASIDE PL
KEANSBURG, NJ 225,000.00 11/30/2021 690 1942 326.09 0.22
184 SEELEY AVE
KEANSBURG, NJ 225,000.00 8/8/2022 882 1938 255.1 0.56