Owner
$331,359
8107 STONE RD, INDEPENDENCE, OH
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
1,694
property type
Single Family Residential
hoa
No
About
Residential
Building Quality B
Average Condition
Living Area
Attached Garage
2 Stories
No Basement
Forced Air Unit
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1961
Building Size
1,694 sq ft
Lot Size
54,014 sq ft
Lot Size (Acres)
1.24 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
562-09-025
County
Cuyahoga County, OH
Metro Area
Cleveland, OH
Zoning
U-1
Neighborhood/Subdivision
ARPAJIAN#1
Lot Number
2
School District
Independence Local School District
Legal Description
2-38 ARPAJIAN#1 0002 ALL
Tax & Value Information
Market Value (Total)
$215,000
Building Value
$161,900
Land Value
$53,100
Annual Property Tax
—
Tax Assessment Year
2022
Assessed Value
$75,250
Last Assessment Year
2022
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
9/14/2016
Recording Date
9/15/2016
Sales Document #
2016.259
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$12,822
Return on Investment
15.60%
After Repair Value
$364,495
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$298,223
Renovation Cost
$16,568
Closing Costs (buying)
$5,964
Holding Costs
$9,048
Selling Costs
$21,870
Total Investment
$82,177
After Repair Value (ARV)
$364,495
Total Costs
$351,673
Estimated Profit
$12,822
Cash Invested
$76,213
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area