Property Description:

To see the full details and all of the pictures please go to our main website a realestateacquisitions.co/property/125-belmont-st-burlington-nj/ This investment property is located in a convenient area near the center of Burlington City. It is a great property for a profitable fix and flip or rental. The Numbers: ARV = $108,752 based on the following comps after repair condition and price per sf. Buyer’s Estimated Expenses Estimated Repair Costs: Roof Replacement – $3,500 Interior Paint Job – $3,000 Landscaping – $1,000 Sidewalk – $1,590 Foundation Water Proofing – $4,000 Refacing Kitchen Cabinets – $1,800 New Kitchen Appliances – $1,500 Kitchen Counters – $2,000 Bathroom – $3,200 Bathroom – $800 Total: $25,890 Closing Costs: $2,400 Holding Costs: $2,400 10% of ARV Hedge Expense: $2,500 Selling Costs: $5,437 Projected Proft: $18,000 (16.5% ROI) Passive Income Rental ————————————————————————————- Wholesale Price: $48,400 Rehab Cost: $25,890 Estimated Closing Costs: $2,400 Total Initial Investment: $76,690 Rental Cash Flow (Yearly) – Cap Rate: 14.2% Rental Income @ $1,575/mo : $18,900 Vacancy/Maintenance (1 month rent) : $1,575 Leasing Commissions (1 month rent every 5 years): $350 Estimated Insurance: $800 Estimated Taxes: $3,736 Property Management Fees (8%): $1,512 Total Yearly NOI: $10,927 The offering price includes paying the back taxes of $6195.88