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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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