Rehab Deal -- $58,000 in Profit -- Midland Park, NJ

[Ryan H.]

144 Paterson Avenue, Midland Park, NJ (Bergen County)

3bd/2ba, 1500sqft, on oversized deep lot

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Summary:

Buy: $325,000
Rehab: $80,000
ARV: $500,000

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Details:

$325,000 (Buy)
$80,000   (Rehab)
$6,800     (Carry)

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$411,800 (Total Cost)

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$500,000 (Sell)
-$25,000  (Realtor Fees)
-$4,9575  (Closing Costs)
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$470,425 (Total Sale Proceeds)

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$58,625 Total Profit
14.24% Return on Investment
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NOTE 1: Seller makes no guaranties about the estimated rehab costs or ARV. Buyer should not rely on seller's estimates. Buyer is responsible for conducting their own due diligence and forming their own conclusions as to estimated rehab costs and ARV.

NOTE 2: No realtors please. Seller does not need assistance selling the property. Seller is seeking to sell directly to another flipper/rehabber.

NOTE 3: Seller will schedule showings of the property only with documented proof of funds.