Owner
$342,138
615 MEISNER RD, EAST CHINA, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
2
sq. ft.
1,504
property type
Single Family Residential
hoa
No
About
Residential
Living Area
Garage
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
—
Building Size
1,504 sq ft
Lot Size
21,824 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)
74-18-773-3150-010
County
St. Clair County, Michigan
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
R-1
Neighborhood/Subdivision
SUPERVISORS D M SNODGRASS PLAT
Lot Number
17
School District
East China School District
Legal Description
WLY 101.5' OF N 215' OF LOT 17 SUPERVISORS D M SNODGRASS PLAT AS RECORDED IN LIBER 52 OF PLATS PGS 28-33 ST CLAIR COUNTY
Tax & Value Information
Market Value (Total)
$309,800
Building Value
$0
Land Value
$309,800
Annual Property Tax
$3,758
Tax Assessment Year
2023
Assessed Value
$154,900
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
12/1/2021
Recording Date
12/15/2021
Sales Document #
2021.35156
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
$13,239
Return on Investment
15.60%
After Repair Value
$376,352
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
$307,924
Renovation Cost
$17,107
Closing Costs (buying)
$6,158
Holding Costs
$9,342
Selling Costs
$22,581
Total Investment
$84,850
After Repair Value (ARV)
$376,352
Total Costs
$363,113
Estimated Profit
$13,239
Cash Invested
$78,692
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