Owner
$186,095
2111 WHITCOMB ST, RICHMOND, VA
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
864
property type
Single Family Residential
hoa
No
About
Residential
Fair Condition
Living Area
1 Story
Forced Air Unit
Wood
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1954
Building Size
864 sq ft
Lot Size
7,492 sq ft
Lot Size (Acres)
0.17 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)
E-000-1056-006
County
Richmond city, VA
Metro Area
Richmond, VA
Zoning
R-5 SINGLE FAMILY
Neighborhood/Subdivision
RICO SD
Lot Number
—
School District
Richmond City Public Schools
Legal Description
RICO L6 BA 0050.00X0150.00 0000.172 AC
Tax & Value Information
Market Value (Total)
$105,000
Building Value
$70,000
Land Value
$35,000
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$105,000
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
12/22/2015
Recording Date
1/4/2016
Sales Document #
2016.51
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
$7,201
Return on Investment
15.60%
After Repair Value
$204,705
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
$167,486
Renovation Cost
$9,305
Closing Costs (buying)
$3,350
Holding Costs
$5,081
Selling Costs
$12,282
Total Investment
$46,152
After Repair Value (ARV)
$204,705
Total Costs
$197,504
Estimated Profit
$7,201
Cash Invested
$42,802
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