Updated almost 10 years ago on . Most recent reply
Fixer upper in South Amboy in good condition !!! ROI 48.3 %
South Amboy is located in Middlesex County. • Served by New Jersey Transit train station (North Jersey Coast Line) with express service to Manhattan. • Academy Bus service to Manhattan. • Minutes to Garden State Parkway, NJ Turnpike, Route 9, Route 35, Staten Island. • 20-30 minute drive to Jersey Shore towns. • Raritan Bay Waterfront Park. • Low crime area.
FIX + FLIP INVESTMENT COST TURNKEY PRICE $111,000
EST. REHAB COST (Sq. Ft. x $6) $10,308 EST.
HOLDING COST (3 MONTHS) $1,700 EST.
CLOSING COSTS (4% of ARV) $8,568 EST.
BROKER FEES (6% of ARV) $12,852 EST.
TOTAL INITIAL INVESTMENT $144,428
ESTIMATED ARV (comps on Page 7) $214,200
ESTIMATED PROFIT $69,772
ESTIMATED ROI 48.3%