Owner
$205,259
20686 RACHEL MYERS LN, FAIRHOPE, AL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
1
sq. ft.
924
property type
Mobile/Manufactured Home (regardless of Land ownership)
hoa
No
About
Residential
Building Quality C
Poor Condition
Adjusted Area
1 Story
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1999
Building Size
924 sq ft
Lot Size
130,680 sq ft
Lot Size (Acres)
3.00 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)
46-06-13-0-000-010.005
County
Baldwin County, AL
Metro Area
Daphne-Fairhope-Foley, AL
Zoning
—
Neighborhood/Subdivision
J B FOLEY
Lot Number
—
School District
Baldwin County School District
Legal Description
361.5' X 361.5' COM AT THE NW COR OF SW1/4 OF NE1/4 SEC 13 R UN E 923.98' FOR THE POB, TH E 361.5', TH S 361.5', TH W 361 .5'
Tax & Value Information
Market Value (Total)
$169,000
Building Value
$18,578
Land Value
$150,422
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$16,920
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
3/11/2019
Recording Date
3/11/2019
Sales Document #
2019.1747149
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
$7,942
Return on Investment
15.60%
After Repair Value
$225,785
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
$184,733
Renovation Cost
$10,263
Closing Costs (buying)
$3,695
Holding Costs
$5,605
Selling Costs
$13,547
Total Investment
$50,904
After Repair Value (ARV)
$225,785
Total Costs
$217,842
Estimated Profit
$7,942
Cash Invested
$47,210
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