Wholesale Fix And Flip

BIG opportunity in a small package!

1 Hunt St, Woodstown, NJ 8098

$90,000 After Repair Value -
$29,995 Asking Price -
$10,000 Cost of Repairs =
$50,005 Potential Profit

Property Details

Asking Price $29,995

After Repair Value $90,000

Costs of Repairs $10,000

Potential Profit $50,005

Living Area 693 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 0

Property Description

This property can be an easy rehab or a great rental for your portfolio. Have it rent ready with as little as about $10k in updates. Taxes for this property are about $2,812 per year. Rents in the area go for about $975 - $1,050 per month. Below is a break down if you decided to rent it.Gross Income - $11,700Taxes - $2,812Insurance - $8005% Vacancy - $585Net Income - $7,503ROI - 16.67% (Return on Investment includes acquisition + $10k worth of work)Balcony, deck or patio, basement, breakfast nook, central heat, hardwood, living room, yard Comps:(1) 2X Bailey St Sold for $93k on 08/14/17 (2bed 1bath 720 Sqft)(2) 2X E. Millbrooke Ave Sold for $102k on 01/31/18 (3bed 1bath 960 Sqft)(3) 3X E. Millbrooke Ave Sold for $111k on 08/22/17 (2bed 1bath 579 Sqft)(4) 3X Old Salem Rd Sold for $118k on 04/27/18 (3bed 1bath 948 Sqft)(5) X Church St Sold for $148k on 04/201/8 (2bed 1bath 1334 Sqft)(6) 11X Green St Sold for $154k on 05/17/18 (3bed 1.5bath 1,152 Sqft)

Repairs Needed

Interior

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VeronicaLynn Jones

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