All Forum Posts by: Vita Dementchoukova

Property Information

259 1st St. South Amboy, NJ

Call 

for more info:

(732)801-0863 

or

(732)421‐4299

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.

Christopher  Daliani It's not multifamily but I will let you know if I have something. 

Regards ,

Viktoria 

[email protected] 

South Amboy is located in Middlesex County. • Served by New Jersey Transit train station (North Jersey Coast Line) with express service to Manhattan. • Academy Bus service to Manhattan. • Minutes to Garden State Parkway, NJ Turnpike, Route 9, Route 35, Staten Island. • 20-30 minute drive to Jersey Shore towns. • Raritan Bay Waterfront Park. • Low crime area.

FIX + FLIP INVESTMENT COST TURNKEY PRICE $111,000 

EST. REHAB COST (Sq. Ft. x $6) $10,308 EST.

HOLDING COST (3 MONTHS) $1,700 EST.

CLOSING COSTS (4% of ARV) $8,568 EST.

BROKER FEES (6% of ARV) $12,852 EST.

TOTAL INITIAL INVESTMENT $144,428

ESTIMATED ARV (comps on Page 7) $214,200

ESTIMATED PROFIT $69,772 

ESTIMATED ROI 48.3%

Thanks I will.

It's SFR.

We count $ 20 per sqf. It's mostly cosmetic also there is no heater and boiler.

6 min  walk to the closest transportation. 

FIX + FLIP INVESTMENT COST ARV $200K

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%

Thank you Ben.

Hello bloggers. We are wholesalers and are new in this business. We would appreciate your advice on this topic. We have a property in Little Falls in Passaic County with very low rehab expenses that we want to wholesale. Single-family 3BR 2Ba. in a B+ town. A nice house. However, the property is in a flood zone near the Passaic River. The basement was dry and smelled completely fine. Are there investors out there interestested in this area? Or is it not worth the effort due to the flooding zone? Any advice or tips would be appreciated.  More details and photos available if needed.

We have a property in Little Falls in Passaic County with very low rehab expenses. Single-family 3BR 2Ba. in a B+ town. A nice house. However, the property is in a flood zone near the Passaic River. Would anyone still be interested in it? Or do you know anybody who would be? More details and photos available upon request. 

@Gilbert Ross Jr The property is gone and it's not as rough as many think, low crime area. The given statistics to that township shows a not so high crime rate and has been decreasing over the years.