Owner
$127,172
8 S MAIN ST, RITTMAN, OH
Quick Facts
owner occupied
No
vacant
Yes
corporate owner
Yes
beds
0
baths
0
sq. ft.
4,000
property type
Office Bldg (General)
hoa
No
About
Office
Total Area
2 Stories
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1911
Building Size
4,000 sq ft
Lot Size
2,500 sq ft
Lot Size (Acres)
0.06 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)
63-00220-000
County
Wayne County, OH
Metro Area
Wooster, OH
Zoning
C2
Neighborhood/Subdivision
RITTMAN REALTY CO ADDITION
Lot Number
573
School District
Rittman Exempted Village School District
Legal Description
LOT 573 25' MP 9 CD 268
Tax & Value Information
Market Value (Total)
$73,660
Building Value
$61,160
Land Value
$12,500
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$25,790
Last Assessment Year
2023
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
4/19/2022
Recording Date
4/22/2022
Sales Document #
2022.4941
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
$4,921
Return on Investment
15.60%
After Repair Value
$139,889
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
$114,455
Renovation Cost
$6,359
Closing Costs (buying)
$2,289
Holding Costs
$3,472
Selling Costs
$8,393
Total Investment
$31,539
After Repair Value (ARV)
$139,889
Total Costs
$134,968
Estimated Profit
$4,921
Cash Invested
$29,250
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