Wholesale Investment Property - Burlington NJ - Net Profit $48712

[Shawn Macedo]

13 Center Ave – Burlington, NJ 08016

For full details and pictures go to: https://www.realestateacquisitions.co/property/13-center-ave-burlington-nj-08016/

Fix & Flip

Wholesale Price: $167,568
After Repair Value: $259,500
Projected Net Profit: $48,712

Property Information

Building Type: Ranch

Bedrooms: 3 (4 if the in-law suite main room is also used as a bedroom)

Bathrooms: 2

Real Estate Tax: $7,217.00

Occupancy: Vacant

Parking: Detached garage

Construction Details

Facade and Exterior: Vinyl siding

Roof: Shingle

Electric: Breakers

Heating: Gas

Plumbing: PVC

Landry: 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 $167,568
Rehab Cost $21,450
Estimated closing costs $4,950
Estimated holding costs $4,445
Estimated selling costs (5% of ARV) $12,375
Total Initial Investment: $210,788

Net Profit Calculation

Estimated After Repair Value $259,500
Total Estimated Investment -$210,788
Projected Net Profit: $48,712

Passive Income Rental

Investment Type Cost

Wholesale Price $167,568
Rehab Cost $6,000
Estimated closing costs $4,950
Estimated holding costs $4,445
Total Initial Investment: $182,963

Rental Income @ $2050/mo $24,600

Vacancy/Maintenance -$2,050
Ultilties(water bill) -$0.00
Accounting -$125
Landscaping -$150
Leasing Commissions -$410
( 1mth rent every 5 years)
Estimated Insurance -$800
Estimated Taxes -$7217
Propert Management Fees -$2460

Total Yearly NOI: $11,388