Owner
$914,667
11815 W LAKE RD, VERMILION, OH
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
5
baths
2
sq. ft.
1,299
property type
Single Family Residential
hoa
No
About
Residential
Building Quality D+
Average Condition
Living Area
Garage
1 Story
No Basement
Central
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1940
Building Size
1,299 sq ft
Lot Size
27,878 sq ft
Lot Size (Acres)
0.64 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)
12-00004-000
County
Erie County, Ohio
Metro Area
Sandusky, OH
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Vermilion Local School District
Legal Description
20-6-3 35 CLEVELAND SANDY RD PCL15&35 N CLEVE RD PCL14
Tax & Value Information
Market Value (Total)
$792,450
Building Value
$472,450
Land Value
$320,000
Annual Property Tax
$10,439
Tax Assessment Year
2024
Assessed Value
$277,357
Last Assessment Year
2024
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
—
Recording Date
—
Sales Document #
—
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
$35,393
Return on Investment
15.60%
After Repair Value
$1,006,134
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
$823,200
Renovation Cost
$45,733
Closing Costs (buying)
$16,464
Holding Costs
$24,975
Selling Costs
$60,368
Total Investment
$226,837
After Repair Value (ARV)
$1,006,134
Total Costs
$970,741
Estimated Profit
$35,393
Cash Invested
$210,373
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