Owner
$249,581
411 W 9TH ST, BAY MINETTE, AL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,601
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C
Fair Condition
Heated Area
1 Story
Forced Air Unit
Wood
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2007
Building Size
1,601 sq ft
Lot Size
21,600 sq ft
Lot Size (Acres)
0.50 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)
23-02-09-3-000-007
County
Baldwin County, AL
Metro Area
Daphne-Fairhope-Foley, AL
Zoning
—
Neighborhood/Subdivision
HAND LAND COMPANY
Lot Number
2
School District
Baldwin County School District
Legal Description
144' X 150' LOT 2 BLK 150 HAND LAND COMPANY'S ADDN DB4 PG158 IN THE CITY OF BAY MINETTE SEC 9-T2S-R3E (WD-SURVIVORSHIP)
Tax & Value Information
Market Value (Total)
$213,700
Building Value
$187,712
Land Value
$25,988
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$21,380
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
7/27/2021
Recording Date
8/2/2021
Sales Document #
2021.1933000
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
$9,657
Return on Investment
15.60%
After Repair Value
$274,539
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
$224,623
Renovation Cost
$12,479
Closing Costs (buying)
$4,492
Holding Costs
$6,815
Selling Costs
$16,472
Total Investment
$61,896
After Repair Value (ARV)
$274,539
Total Costs
$264,882
Estimated Profit
$9,657
Cash Invested
$57,404
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