Owner
$282,605
8030 MERREL DR, MILLINGTON, TN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,781
property type
Single Family Residential
hoa
No
About
Residential
Building Quality D
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
1984
Building Size
1,781 sq ft
Lot Size
105,851 sq ft
Lot Size (Acres)
2.43 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)
D0-114O-B0-0002
County
Shelby County, Tennessee
Metro Area
Memphis, TN-MS-AR
Zoning
CA
Neighborhood/Subdivision
WHISPERING WOODS SEC B
Lot Number
2
School District
Shelby County School District
Legal Description
ES MERREL DR
Tax & Value Information
Market Value (Total)
$254,500
Building Value
$221,400
Land Value
$33,100
Annual Property Tax
$1,609
Tax Assessment Year
2024
Assessed Value
$63,625
Last Assessment Year
2025
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
4/5/2021
Recording Date
4/8/2021
Sales Document #
2021.40173
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
$10,935
Return on Investment
15.60%
After Repair Value
$310,866
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$254,345
Renovation Cost
$14,130
Closing Costs (buying)
$5,087
Holding Costs
$7,717
Selling Costs
$18,652
Total Investment
$70,086
After Repair Value (ARV)
$310,866
Total Costs
$299,930
Estimated Profit
$10,935
Cash Invested
$64,999
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:
Map Filters
Key Amenities in the Area