Owner
$253,439
2361 W MONICA DR, BARTLETT, TN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,757
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality A
Average Condition
Living Area
Detached Garage
1 Story
No Basement
Central
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1977
Building Size
1,757 sq ft
Lot Size
10,000 sq ft
Lot Size (Acres)
0.23 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)
B0-165U-D0-0080
County
Shelby County, TN
Metro Area
Memphis, TN-MS-AR
Zoning
RS-10
Neighborhood/Subdivision
BARTLETT WOODS REV
Lot Number
23
School District
Bartlett City School District
Legal Description
WS WEST MONICA DR
Tax & Value Information
Market Value (Total)
$175,300
Building Value
$140,000
Land Value
$35,300
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$43,825
Last Assessment Year
2022
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
4/6/2021
Recording Date
4/15/2021
Sales Document #
2021.44323
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
$9,807
Return on Investment
15.60%
After Repair Value
$278,783
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
$228,095
Renovation Cost
$12,672
Closing Costs (buying)
$4,562
Holding Costs
$6,920
Selling Costs
$16,727
Total Investment
$62,853
After Repair Value (ARV)
$278,783
Total Costs
$268,976
Estimated Profit
$9,807
Cash Invested
$58,291
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