Here is The Top Fix & Flip City In New Jersey

Newark, New Jersey

Newark, is a nationally recognized city. It is home to one of the nation’s largest airports (EWR) and also a bustling fix and flip industry! Newark is transitioning through a resurgence; attracting popular retailers such as Whole Foods and Nike.

Many real estate investors are looking to get their foot in the door of this early resurrection, thus, Newark’s prominence on our list. Fix and Flip investors command an outstanding average return on investment (ROI) of 182%, the second highest percentage on our list! Highly profitable investors tend to capitalize on growing trends before the masses do. Smart investors seem to be reading the trends in New Jersey and profiting in Newark.

Zip Code: 07107

Q1 Home Flipping Rate (Pct of Sales): 15%

Avg. Days to Flip:185

Flipping Gross Profit: $166,500*

Number of Flips: 12

Gross ROI: 182%

CASE STUDY OF A Fix And Flip Loan In Newark NJ

Our investors buckled down to get this property live-in ready quickly! They did such a great job that they were able to find a buyer and pay off their hard money loan in just under six months, earning $178,000 in profit on just one flip!

Address: Newark, NJ

Borrower Profile: Experienced Investors

Work Description: Interior Upgrades & Renovation

Purchase Price: $136,000

Renovation Budget: $85,000

Loan Amount: $186,000

Cash Available for Purchase: $101,000

Cash Available for Renovation: $85,000

Loan Structure: 12 months interest only

Loan Purpose: Property Purchase And Rehabilitation

ARV: $289,000

Sale Price: $379,000

Time To Pay Off: 5.5 Months

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