Owner
$90,492
2524 NEW SALEM RD, GAINESBORO, TN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
0
sq. ft.
1,248
property type
Mobile/Manufactured Home (regardless of Land ownership)
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1990
Building Size
1,248 sq ft
Lot Size
23,087 sq ft
Lot Size (Acres)
0.53 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)
044067 07201
County
Jackson County, TN
Metro Area
Cookeville, TN
Zoning
—
Neighborhood/Subdivision
—
Lot Number
2
School District
Jackson County School District
Legal Description
DISTRICT: 01, COUNTY AREA: P01
Tax & Value Information
Market Value (Total)
$32,200
Building Value
$25,700
Land Value
$6,500
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$8,050
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
7/21/2014
Recording Date
7/22/2014
Sales Document #
2014.1151
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
$3,502
Return on Investment
15.60%
After Repair Value
$99,541
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
$81,443
Renovation Cost
$4,525
Closing Costs (buying)
$1,629
Holding Costs
$2,471
Selling Costs
$5,972
Total Investment
$22,442
After Repair Value (ARV)
$99,541
Total Costs
$96,040
Estimated Profit
$3,502
Cash Invested
$20,813
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