Property Description:
To see more details and pictures on the property please check the link: realestateacquisitions.co/property/308-cayuga-trl-browns-mills/
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.
308 CAYUGA TRL BROWNS MILLS, NJ 08015
Fix & Flip
Wholesale Price: $115,563
Rehab Cost: $50,000
After Repair Value: $230,067
Projected Net Profit: $43,697
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 4
Bathrooms: 1.5
Square footage: 1488
Lot size: 9,600
Real Estate Tax: $3,659
Occupancy: Vacant
Parking: Yes
Construction Details
Facade and Exterior: Wood
Roof: Singles
Electric: Breakers
Heating: Hot water
Plumbing: Copper
Laundry: Yes
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $115,563
Rehab Cost $50,000
Estimated closing costs $4,652
Estimated holding costs $4,652
Estimated selling costs (5% of ARV) $11,503
Total Initial Investment: $186,370
Net Profit Calculation
Estimated After Repair Value $230,067
Total Estimated Investment $186,370
Projected Net Profit: $43,697
Comparables from the MLS used to determine ARV
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
311 BLACKFOOT TRL
BROWNS MILLS, NJ 200,000 10/29/2019 1128 1954 177.3 0.03
901 RED FEATHER TRL
BROWNS MILLS, NJ 221,000.00 10/24/2019 1266 1973 174.56 0.1
205 CAYUGA TRL
BROWNS MILLS, NJ 200,000.00 10/28/2019 1520 1968 131.57 0.15
314 IRIQUOIS TRL
BROWNS MILLS, NJ 160,000.00 12/7/2019 1008 1974 158.73 0.17
82 TECUMSEH TRL
BROWNS MILLS, NJ 224,000.00 10/18/2019 1578 1986 141.95 0.18
Average Cost/SQFT: $156.83
Average Sold Price: $201,000
After Repair Value: $230,067