Owner
$229,760
1647 S CLEVELAND AVE APT 201, SIOUX FALLS, SD
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
2
baths
2
sq. ft.
1,371
property type
Condominium Unit (Residential)
hoa
No
About
Residential
Building Quality C
Finished Area
Underground/Basement
1 Story
Forced Air Unit
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2000
Building Size
1,371 sq ft
Lot Size
4,970 sq ft
Lot Size (Acres)
0.11 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)
71202
County
Minnehaha County, South Dakota
Metro Area
Sioux Falls, SD-MN
Zoning
—
Neighborhood/Subdivision
COTTONWOOD CREEK
Lot Number
—
School District
Sioux Falls School District 49-5
Legal Description
UNIT 201 THE SUMMIT AT COTTONWOOD CREEK CONDOS LOCATED AT 1647 S CLEVELAND AVE TRACT 3A COTTONWOOD CREEK ADDN TO CITY OF SIOU
Tax & Value Information
Market Value (Total)
$0
Building Value
$0
Land Value
$0
Annual Property Tax
$2,787
Tax Assessment Year
2024
Assessed Value
$207,600
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
7/30/2012
Recording Date
7/31/2012
Sales Document #
2012.221359
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
$8,890
Return on Investment
15.60%
After Repair Value
$252,736
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
$206,784
Renovation Cost
$11,488
Closing Costs (buying)
$4,136
Holding Costs
$6,274
Selling Costs
$15,164
Total Investment
$56,980
After Repair Value (ARV)
$252,736
Total Costs
$243,846
Estimated Profit
$8,890
Cash Invested
$52,845
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