Owner
$538,944
608 CARMAN AVE UNIT A8, WESTBURY, NY
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
2
sq. ft.
1,050
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Building Quality C+
Average Condition
Living Area
1 Story
Central
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2014
Building Size
1,050 sq ft
Lot Size
65,976 sq ft
Lot Size (Acres)
1.51 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)
282089 45.-403-56.276/8
County
Nassau County, New York
Metro Area
New York-Newark-Jersey City, NY-NJ
Zoning
—
Neighborhood/Subdivision
PARKVIEW/SALISBURY CONDO
Lot Number
56
School District
East Meadow Union Free School District
Legal Description
TOWN #1 SCH DIST 003
Tax & Value Information
Market Value (Total)
$348,000
Building Value
—
Land Value
—
Annual Property Tax
$2,894
Tax Assessment Year
2024
Assessed Value
$348
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
5/19/2016
Recording Date
6/7/2016
Sales Document #
2016.55630
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
$20,854
Return on Investment
15.60%
After Repair Value
$592,838
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
$485,050
Renovation Cost
$26,947
Closing Costs (buying)
$9,701
Holding Costs
$14,716
Selling Costs
$35,570
Total Investment
$133,658
After Repair Value (ARV)
$592,838
Total Costs
$571,984
Estimated Profit
$20,854
Cash Invested
$123,957
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