Property Description:
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This property is available for purchase only with Cash, Hard Money, or Private Money.
332 Beaver Dr Millville, NJ 08332?
Fix and Flip
Wholesale Price: $22,000
Rehab Cost: $75,000
After Repair Value: $152,911
Projected Net Profit: $35,000 – $40,000
Property Information
Building Type: Mobile Home
Beds: 2
Baths: 1
Real Estate Tax: $3,022
Vacant: yes
Owner Occupied: No
Parking: yes
Construction Details: this property needs everything done or tear down
Roof: damages
Sewer: septic
Zoning: r-10
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 $22,000
Rehab Cost $75,000
Estimated closing costs $4,587
Estimated holding costs $3,058
Estimated selling costs (5% of ARV) $7,645
Total Initial Investment: $112,290
Net Profit Calculation
Estimated After Repair Value $152,911
Total Estimated Investment $112,290
Projected Net Profit: $40,621
Comparables from the MLS used to determine ARV
Average Cost/SQFT: $147.0
Average Sold Price: $131,500.00
After Repair Value: $152,911.00
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi)
6314 WHITTIER DR
MILLVILLE, NJ 135,000.00 12/14/2021 876 1960 154.11 0.63
26 LAUREL DR
MILLVILLE, NJ 160,000.00 2/4/2022 984 1991 162.6 1
533 DANDELION RD
MILLVILLE, NJ 99,500.00 3/21/2019 800 1968 124.38 1.34