We have here a great investment property in Woodbury, NJ. A charming Cape Cod with new windows, new carpet downstairs, central air, full basement and fenced in front and back yards. It is close to schools, churches, restaurants and transportation and just 15 to 20 minutes from the Walt Whitman Bridge and South Philly Sports Complex. This property is a great FLIP opportunity with an ARV of $170,000.
If you would like to take a look at it call or email us anytime and we can take you through it. Our contractor, Better Choice Construction has over 25 years of experience and comes highly recommended by all who use him. Our team of professionals will stay with you right through the rehab to make sure that everything goes smoothly. We guarantee our numbers.
ARV: (CONSERVATIVE) $170,000 PURCHASE: (includes fee) $90,000
30% Equity ……………….$51000 In closing cost……………….$2,800
Rehab…………………… $25,600 (contractor's written estimate available on request)
MAO……………………….$93,400
Total In Costs ……………….$118,400
FLIP SCENARIO:
Purchase Price (including fee) $90,000
Rehab Costs $25,600
In Closing Cost $2,800
Total Expenses $118,400
Sale Price $170,000
Out Cost (including carrying, realtor, marketing) $14,200
Net Profit $37,400
RETURN ON CAPITAL INVESTMENT
28%
SOLID SOLD COMPARIBLES:
729 Shields Ave - sold-11/09 -$190,000
635 Frances Ave -sold-11/09 -$162,000
75 Hess Ave -sold-7/09 - $175,000
61 Hess Ave -sold-3/09 -$172,000
Also a house on the same block was sold in December, rehabbed and is now listed for $174,900.
[Admin note: Real estate you are trying to sell should be posted in the classifieds section of the site]
__________________
Jerry Malesich
Kay Anderson
Full Spectrum Properties, LLC
http://www.postlets.com/res/3702365
We have here a great investment property in Woodbury, NJ. A charming Cape Cod with new windows, new carpet downstairs, central air, full basement and fenced in front and back yards. It is close to schools, churches, restaurants and transportation and just 15 to 20 minutes from the Walt Whitman Bridge and South Philly Sports Complex. This property is a great FLIP opportunity with an ARV of $170,000.
If you would like to take a look at it call or email us anytime and we can take you through it. Our contractor, Better Choice Construction has over 25 years of experience and comes highly recommended by all who use him. Our team of professionals will stay with you right through the rehab to make sure that everything goes smoothly. We guarantee our numbers.
ARV: (CONSERVATIVE) $170,000 PURCHASE: (includes fee) $90,000
30% Equity ……………….$51000 In closing cost……………….$2,800
Rehab…………………… $25,600 (contractor's written estimate available on request)
MAO……………………….$93,400
Total In Costs ……………….$118,400
FLIP SCENARIO:
Purchase Price (including fee) $90,000
Rehab Costs $25,600
In Closing Cost $2,800
Total Expenses $118,400
Sale Price $170,000
Out Cost (including carrying, realtor, marketing) $14,200
Net Profit $37,400
RETURN ON CAPITAL INVESTMENT
28%
SOLID SOLD COMPARIBLES:
729 Shields Ave - sold-11/09 -$190,000
635 Frances Ave -sold-11/09 -$162,000
75 Hess Ave -sold-7/09 - $175,000
61 Hess Ave -sold-3/09 -$172,000
Also a house on the same block was sold in December, rehabbed and is now listed for $174,900.
[Admin note: Real estate you are trying to sell should be posted in the classifieds section of the site]
Jerry Malesich
Kay Anderson
Full Spectrum Properties, LLC