84 Thompson St, Salem, NJ 08079

84 Thompson Street Salem NJ 08079 1266 Sq Ft 1/2 Duplex ASKING - $15,000.00 Comparable Sales: Other 4+ Bed Properties 1 Meadowside Lane Salem NJ 08079 - Sold for $115,000.00 - $82.56 Price per Sq Ft 169 Cook Ave Salem NJ 08079 - Sold for $142,000.00 - $94.86 Price per Sq Ft 200 Pine Ave Salem NJ 08079 - Sold for $135,000.00 - $102.43 Price per Sq Ft AVG PPSF: $93.28 Flip Profit: After Repair Value Calculations: $93.28 X Sq Ft 1266 = After Repair Value of $118,092.48 Repairs: Full Gut - $70K - $80k Potential Flip Profit: $118K ARV Minus $80k Repairs Minus Closing Costs $10k = $28K $28k Minus $15k Acquisitions = $13k Profit on a Flip! Landlord Profit: Expenses Per Month: Taxes - $159/Mo (Annual -$1,909) Insurance - $125/Mo (Annual - $1,500) Maintenance @ 8%/Year of Gross Rents - $112/Mo (Annual -$1,344) Revenue per Month: Rent: $1400 Minus Mortgage After Refi- $800 Profit: $600/Mo (Annual - $7,200)