South Jersey Real Estate Investors Association

78 Teak Rd, Dumont, NJ 07628

Single Family / 3 Bedroom(s) / 1.5 Bath(s)

Property Status: Available |  For Sale: $423,000.00

Property Photos

Wholesale Investment Property

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $423,000.00
Property Details:
Single Family / 3 BR / 1.5 BA
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Owner / Agent
Property Features:
No Property Features Listed.
Contact Info
Real Estate Acquisitions Co.
(609) 807-1497

View on Individual's Website
Property Description:
To see more details and pictures on the property please check the link:

All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.

This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

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)
DUMONT, NJ      700,000.00      4/5/2022      2100          1961             333.33             0.05
DUMONT, NJ      485,000.00      9/14/2021    1276          1958             380.09             0.13
DUMONT, NJ      625,000.00      9/15/2021    1446          1956             432.23             0.19
DUMONT, NJ      610,000.00      5/19/2022    1458          1956             418.38             0.21
DUMONT, NJ      475,000.00      1/13/2022      984          1956             482.72             0.23

Legal Disclaimer:
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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