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Home > South Jersey real estate for sale > South Jersey homes for sale

Posted: Saturday, February 10, 2018 10:40 PM

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Asking : $69,900 .

Est. Repair $45,000

Est. Repaired Value $185,000

Potential Gross Profit
>>>>$65,000<<<<

4 beds 2 baths 1,560 sqft. This 4 bed, 2 bath is perfect to start out 2018! Home needs about $45k worth of work to flip and collect a profitable return. Can also be a great rental for your portfolio, needs about $20k worth of work to get rent ready. Taxes for this property are about $4,357 per year and rent for approximately $1,600 per month.

Gross Income - $19,200
Taxes - $4,357
Insurance - $800
5% Vacancy - $960
Net Income - $12,061
ROI 13.78% (Return on Investment includes acquisition + $20k worth of TLC)

NOTE: Based on the comps, homes are selling in an average of $118 per sqft.
Subject property is 1,592 sqft x $118 per sqft = $187,800 Resale Value.

Comps:
(1) 52 Heaney Ln Lawnside Sold for $162k on 09/01/17 (3bed 2bath 1,076 sqft)
(2) 115 Robert Kennedy Rd Lawnside Sold for $167k on 06/29/17 (4bed 2baths 1,512 sqft)
(3) 34 W Charleston Ave Lawnside Sold for $165,900 on 03/20/17 (3bed 2baths 1,483 sqft)
(4) 125 Maryland Ave Magnolia Sold for $163,500 on 08/21/17 (4bed 2baths 1,760 sqft)
(5) 328 Jackson Ave Magnolia Sold for $177k on 09/06/17 (3bed 2bath 1,676 sqft)
(6) 305 E Washington Ave Magnolia Sold for $182k on 12/28/17 (4bed 2bath 1,636 sqft)
(7) 209 W Madison Ave Magnolia Sold for $199k on 09/25/17 (4bed 1.5bath 1,445 sqft)
(8) 505 Williams Ave Magnolia Sold for $200k on 10/30/17 (3bed 2.5bath 1,279 sqft)
(9) 417 N Warwick Rd Magnolia Sold for $220k on 08/17/17 (4bed 2baths 1,650 sqft)


CALL OR TEXT Gamal
FOR MORE INFO AT
609-780-4441

08045    google map | yahoo map

Bedrooms: 4

• Location: LAWNSIDE, South Jersey

• Post ID: 53689317 southjersey
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