$540,000 · NEWARK, NJ 07108
Flippers would lose money · Landlords would lose money

Available

$540,000Asking price

8 bd · 3 ba · 1,867 sq ft · built 1912

NEWARK, NJ 07108

No contract on file

via InvestorLift Classic

20 views · 1 saved · listed 4 days ago

Flippers would lose money

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $610,000
Asking price: −$540,000
RepairsMiddle of our estimate, $27,500 – $57,500: −$42,500
Loan, holding, closing20% down, 12% interest, 2 points, 77 days: −$54,076
Profit−4.4% of ARV · flippers want 10%+: −$26,576
Loses money

Works for a flipper at $457,000 or less.

EZ OFFER

Rick Vasquez

No reviews yet

Comps

Sales

Rents

ARV $610,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $673,000.

The sales behind this value are shown to members.

ARV $610,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

EZ OFFER

Rick Vasquez

No reviews yet

Seller Description

One side is already producing income: the 3BR unit rents for $2,000/mo on a month-to-month lease. The 5BR unit is vacant and ready to lease, which makes this a good fit for a buy-and-hold or a live-in-one, rent-the-other play.

Builder-grade partial update, well kept. Mechanicals are working. Remodeled 2-families nearby have sold for $600k to $610k in the last year. Sold as-is.Call/Text us at (267) 903-7073 for more details!