Owner
$162,614
659 W WEIDMAN RD, MOUNT PLEASANT, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
0
sq. ft.
0
property type
Single Family Residential
hoa
No
About
Residential
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
—
Building Size
0 sq ft
Lot Size
78,844 sq ft
Lot Size (Acres)
1.81 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)
11-024-10-001-01
County
Isabella County, MI
Metro Area
Mount Pleasant, MI
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Beal City Public Schools
Legal Description
T15N R5W SEC 24 COM N 89DEG 40MIN 17SEC W 744FROM N ? COR TH CONT N 89DEG 40MIN 17SEC W 165FT TH S 0DEG 19MIN 43SEC W 240FT
Tax & Value Information
Market Value (Total)
$121,800
Building Value
$0
Land Value
$121,800
Annual Property Tax
—
Tax Assessment Year
2021
Assessed Value
$60,900
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
6/19/2020
Recording Date
6/19/2020
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
$6,292
Return on Investment
15.60%
After Repair Value
$178,875
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
$146,353
Renovation Cost
$8,131
Closing Costs (buying)
$2,927
Holding Costs
$4,440
Selling Costs
$10,733
Total Investment
$40,328
After Repair Value (ARV)
$178,875
Total Costs
$172,583
Estimated Profit
$6,292
Cash Invested
$37,401
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