PLAINFIELD NJ ESTIMATED PROFIT $154.030K

[Vita Dementchoukova]

Summary: Beautiful, vintage single family Victorian mansion in
Putnam-Watchung Historic District of Plainfield. Features 6
bedrooms, 3 full bathrooms, 2 fireplaces, hardwood floors,
huge porch. Waiting to be updated and restored to former
glory. They don't make them like this anymore! House next
door sold for over $525K last year! This is yours for only
$197K!
• Single Family
• 6 Bed / 3 Full Bath
• Real Estate Tax: Yearly $9,065/Monthly $755.41
• 3,253 sq. ft.
• Lot size: 0.3 acres
• Occupancy: Vacant
• Parking: Driveway, Detached 1 car garage.
• Built in 1885

• Basement: Unfinished

FIX + FLIP INVESTMENT COST

TURNKEY PRICE $197,000

EST. REHAB COST $100,000

EST. HOLDING COST (6 MONTHS) $5,000

EST. CLOSING COSTS (4% of ARV) $20,268

EST. BROKER FEES (6% of ARV) $30,402

EST. TOTAL INITIAL INVESTMENT $352,670

ESTIMATED ARV (comps on next page) $506,700

ESTIMATED PROFIT $154,030

ESTIMATED ROI 43.7%