All Forum Posts by: Vita Dementchoukova

 Multi-family home in North Broadway section
of Newark in need of a moderate rehab.
1st Floor: Huge 1BR.
2nd Floor: 4BR.
Plus a basement apartment!
A cash cow!

• Multi-family detached (2 units + basement apartment)
• 5 Bed, 3 Bath
• Real Estate Tax: Yearly $4,738/Monthly $394.83
• 2,137 sq. ft.
• Lot size: 2,627 sq. ft.
• Occupancy: Vacant
• Parking: Street
• Built in 1905

Single Family

2 Bed, 1 Bath

Real Estate Tax: Yearly $4,664/Monthly $388.67

756 sq. ft.

Lot size: 1,276 sq. ft.

Occupancy: Vacant

Parking: Street

Built in 1900

Basement: Unfinished (missing water boiler and heater)

Summary: A 2 bedroom bungalow fixer-upper. Fix and

flip or hold for rental income cash flow. Great location in

a great town at a great price.

Multi-family detached (2 units + basement apartment)

5 Bed, 3 Bath

Real Estate Tax: Yearly $4,738/Monthly $394.83

2,137 sq. ft.

Lot size: 2,627 sq. ft.

Occupancy: Vacant

Parking: Street

Built in 1905

Summary: Multi-family home in North Broadway section

of Newark.

1st Floor: Huge 1BR.

2nd Floor: 4BR.

Plus a basement apartment!

A cash cow!

Property Information

Single Family

3 Bed, 1.5 Bath

Real Estate Tax: Yearly $6,256/Monthly $521.33

1,718 sq. ft.

Lot size: 2,665 sq. ft.

Occupancy: Vacant

Parking: Detached garage and driveway

Built in 1914

Basement: Finished

Summary: Single family home that needs hardly any

rehab. Tenant can move right in! Flip or hold for rental

income cash flow. Solid house at a great price.

Property Information

Multi-family detached (2 units + basement apartment)

5 Bed, 3 Bath

Real Estate Tax: Yearly $4,738/Monthly $394.83

2,137 sq. ft.

Lot size: 2,627 sq. ft.

Occupancy: Vacant

Parking: Street

Built in 1905

Summary: Multi-family home in North Broadway section

of Newark.

1st Floor: Huge 1BR.

2nd Floor: 4BR.

Plus a basement apartment!

A cash cow!

Single Family

2 Bed, 1 Bath

Real Estate Tax: Yearly $4,664/Monthly $388.67

756 sq. ft.

Lot size: 1,276 sq. ft.

Occupancy: Vacant

Parking: Street

Built in 1900

Basement: Unfinished (missing water boiler and heater)

Summary: A 2 bedroom bungalow fixer-upper. Fix and

flip or hold for rental income cash flow. Great location in

a great town at a great price.

Hello Steven Velez .

Pls call me and we will arrange.

732-801-0863

Regards, 

Viktoria 

Projected Financials FIX + FLIp

TURNKEY PRICE $51,000

EST. REHAB COST (Sq. Ft. x $20) $15,120

EST. HOLDING COST (3 MONTHS) $1,600

EST. CLOSING COSTS (4% of ARV) $8,010

EST. BROKER FEES (6% of ARV) $12,015

EST. TOTAL INITIAL INVESTMENT $87,745

ESTIMATED ARV (comps on Page 7) $200,250

ESTIMATED PROFIT $112,505

ESTIMATED ROI 128.2%

Projected Financials FIX + FLIP

EST. REHAB COST (Sq. Ft. x $20) $15,120

EST. HOLDING COST (3 MONTHS) $1,600

EST. CLOSING COSTS (4% of ARV) $8,010

EST. BROKER FEES (6% of ARV) $12,015

EST. TOTAL INITIAL INVESTMENT $87,745

ESTIMATED ARV (comps on Page 7) $200,250

ESTIMATED PROFIT $112,505

ESTIMATED ROI 128.2%

Summary: Single family home that needs hardly any
rehab. Tenant can move right in! Flip or hold for rental
income cash flow. Solid house at a great price.

3 Bed, 1.5 Bath

Real Estate Tax: Yearly $6,256/Monthly $521.33

1,718 sq. ft.

Lot size: 2,665 sq. ft.

Occupancy: Vacant

Parking: Detached garage and driveway

Built in 1914

Basement: Finished

EST. YEARLY RENTAL INCOME ($2,875 = $1400 + 800 + 675) $34,500

EST. YEARLY VACANCY (5%) -$1,725

EST. YEARLY RENTAL INCOME $32,775

EST. UTILITIES -$1000

EST. INSURANCE -$1000

EST. TAXES -$4,738

EST. PROPERTY MANAGEMENT (10%) -$3,277

EST. REPAIRS (5%) -$1,638

EST. NET OPERATING INCOME (NOI) $21,122

ESTIMATED ROI (based on Est. Total Initial Investment of

$154,692 (turnkey price + rehab cost + holding cost) 13.7%

1st Floor: Huge 1BR.

2nd Floor: 4BR.

Plus a basement apartment!   A cash cow! 

Multi-family detached (2 units + basement apartment)

5 Bed, 3 Bath

Real Estate Tax: Yearly $4,738/Monthly $394.83

2,137 sq. ft.

Lot size: 2,627 sq. ft.

Occupancy: Vacant

Parking: Street

Built in 1905

EST. YEARLY RENTAL INCOME ($2,875 = $1400 + 800 + 675) $34,500

EST. YEARLY VACANCY (5%) -$1,725

EST. YEARLY RENTAL INCOME $32,775

EST. UTILITIES -$1000

EST. INSURANCE -$1000

EST. TAXES -$4,738

EST. PROPERTY MANAGEMENT (10%) -$3,277

EST. REPAIRS (5%) -$1,638

EST. NET OPERATING INCOME (NOI) $21,122

ESTIMATED ROI (based on Est. Total Initial Investment of

$154,692 (turnkey price + rehab cost + holding cost) 13.7%