Owner
$679,114
51656 N ENCLAVE DR, SOUTH LYON, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
3
sq. ft.
3,048
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Living Area
Garage
2 Stories
Unspecified Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2019
Building Size
3,048 sq ft
Lot Size
13,504 sq ft
Lot Size (Acres)
0.31 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)
K -21-25-201-001
County
Oakland County, Michigan
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
—
Neighborhood/Subdivision
OAKLAND COUNTY CONDOMINIUM
Lot Number
—
School District
South Lyon Community Schools
Legal Description
T1N, R7E, SEC 25 OAKLAND COUNTY CONDOMINIUM PLAN NO 2066 ENCLAVES OF LYON CONDOMINIUM UNIT 1 L 46816 P 1 2-26-14 FR 200-005
Tax & Value Information
Market Value (Total)
$575,160
Building Value
$0
Land Value
$575,160
Annual Property Tax
$5,593
Tax Assessment Year
2024
Assessed Value
$287,580
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
2/27/2020
Recording Date
3/9/2020
Sales Document #
2020.46461
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
$26,278
Return on Investment
15.60%
After Repair Value
$747,025
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
$611,203
Renovation Cost
$33,956
Closing Costs (buying)
$12,224
Holding Costs
$18,543
Selling Costs
$44,822
Total Investment
$168,420
After Repair Value (ARV)
$747,025
Total Costs
$720,747
Estimated Profit
$26,278
Cash Invested
$156,196
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