Owner
$649,159
22 WILLWAY AVE, RICHMOND, VA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
2,171
property type
Single Family Residential
hoa
No
About
Residential
Building Quality B+
Good Condition
Living Area
Garage
2 Stories
Partial Basement
Hot Water
Wood
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1936
Building Size
2,171 sq ft
Lot Size
9,100 sq ft
Lot Size (Acres)
0.21 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)
W-019-0305-007
County
Richmond city, VA
Metro Area
Richmond, VA
Zoning
R-5 SINGLE FAMILY
Neighborhood/Subdivision
—
Lot Number
—
School District
Richmond City Public Schools
Legal Description
WILLWAY GARDENS PTSL20&22 0065.00X0140.00 0000.000
Tax & Value Information
Market Value (Total)
$798,000
Building Value
$573,000
Land Value
$225,000
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$798,000
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
5/14/2014
Recording Date
5/15/2014
Sales Document #
—
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
$25,119
Return on Investment
15.60%
After Repair Value
$714,075
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
$584,243
Renovation Cost
$32,458
Closing Costs (buying)
$11,685
Holding Costs
$17,726
Selling Costs
$42,844
Total Investment
$160,991
After Repair Value (ARV)
$714,075
Total Costs
$688,956
Estimated Profit
$25,119
Cash Invested
$149,307
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