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New Camden deal |
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233 S 32nd st |
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Camden, NJ 08105 |
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Its a row duplex, 2 side by side, 1 bed/1 bath each, a total of 4 units. 235 was updated and 233 has older bathroom and kitchen. $700/mo for top and $650/mo for bottom |
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Exclusively Presented By: |
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Drew Conway |
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South Jersey Wholesale Deals |
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75 N Haddon ave |
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Haddonfield |
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856-250-1202 |
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drew@southjerseywholesaledeals.com |
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www.southjerseywholesaledeals.com |
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BUYER MARKETING SHEET (HOLD) |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 1 Baths: 1 Sq.Feet: 1672 Built: 1942 |
South Jersey Wholesale Deals |
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856-250-1202 |
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drew@southjerseywholesaledeals.com |
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www.southjerseywholesaledeals.com |
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PURCHASE/REHAB ASSUMPTIONS |
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% of ARV |
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After-Repair Value (ARV) |
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130,000.00 |
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Purchase Price (Offer Price) |
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89,000.00 |
68% |
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Rehab Costs |
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5,000.00 |
4% |
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Total Closing and Holding Costs |
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2% |
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Total Financing Costs |
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0% |
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Total Project Cost Basis |
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96,500.00 |
74% |
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Total Amount Financed |
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- |
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Total Cash Committed |
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96,500.00 |
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PROJECTED RESULTS |
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Projected Monthly Rent (net of vacancy) |
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Projected Monthly Expenses |
140.00 |
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Projected Monthly Net Operating Income |
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Cap Rate Based on Cost Basis |
15.0% |
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Sweat Equity at End of Rehab |
33,500.00 |
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Cap Rate Based on ARV |
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11.2% |
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Monthly Cash Flow (before-tax) |
1,210.00 |
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Assumed Time to Complete Rehab |
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Cash-on-Cash Return (before-tax) |
15.0% |
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Assumed Time to Lease Up |
2 Months |
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Total Time between Acquisition and Lease-up |
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CASH FLOW SUMMARY (HOLD) |
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Drew Conway |
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233 S 32nd st |
South Jersey Wholesale Deals |
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Camden, NJ 08105 |
856-250-1202 |
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Month |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
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Purchase |
(89,000) |
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Closing Costs |
(1,000) |
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Orig/Disc Points and Loan Closing Costs |
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Holding Costs |
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(375) |
(375) |
(375) |
(375) |
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Rehab Draws/Expenses |
(5,000) |
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Interest (Paid or Accrued) |
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0 |
0 |
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0 |
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Total Cash Spent in Period |
(95,000) |
(375) |
(375) |
(375) |
(375) |
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Cumulative Financed |
0 |
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0 |
0 |
0 |
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Cumulative Cost Basis |
(95,000) |
(95,375) |
(95,750) |
(96,125) |
(96,500) |
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Cash Tied up in Deal |
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96,500 |
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Equity Left in Deal |
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130,000 |
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COMPARABLE SALES REPORT |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 1 Baths: 1 Sq.Feet: 1672 Built: 1942 |
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South Jersey Wholesale Deals |
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856-250-1202 |
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drew@southjerseywholesaledeals.com |
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www.southjerseywholesaledeals.com |
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Dist |
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Notes |
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104,000 |
88 |
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0.21 |
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110,000 |
68 |
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0.42 |
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3433 Merriel Ave Camden NJ |
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99,000 |
87 |
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0.49 |
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3086 Federal St Camden NJ |
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117,000 |
73 |
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0.26 |
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96,500 |
94 |
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0.37 |
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110,000 |
85 |
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0.38 |
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120,000 |
97 |
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0.26 |
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142,000 |
77 |
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0.16 |
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150,000 |
100 |
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0.08 |
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