Owner
$248,384
262 OVERLOOK DR, GADSDEN, AL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
5
baths
4
sq. ft.
2,942
property type
Single Family Residential
hoa
No
About
Residential
Fair Condition
Adjusted Area
1 Story
Forced Air Unit
Wood
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1971
Building Size
2,942 sq ft
Lot Size
9,798 sq ft
Lot Size (Acres)
0.22 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)
10-08-33-3-000-008.000
County
Etowah County, AL
Metro Area
Gadsden, AL
Zoning
—
Neighborhood/Subdivision
MOUNTAIN VIEW EST EXT GAD
Lot Number
115
School District
Gadsden City School District
Legal Description
H/S BASE YEAR LTS 115 & 116 & NE 15'LT 117 MOUNTAIN VIEW EST PLAT C-101 33-11-6 1188-967,1275-351,1363-713,D-1998-2514,T/S
Tax & Value Information
Market Value (Total)
$211,300
Building Value
$203,200
Land Value
$8,100
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$21,130
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
—
Recording Date
5/7/2012
Sales Document #
2012.3366705
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
$9,611
Return on Investment
15.60%
After Repair Value
$273,222
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
$223,546
Renovation Cost
$12,419
Closing Costs (buying)
$4,471
Holding Costs
$6,782
Selling Costs
$16,393
Total Investment
$61,599
After Repair Value (ARV)
$273,222
Total Costs
$263,611
Estimated Profit
$9,611
Cash Invested
$57,128
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