Owner
$508,921
5208 WOODS DR, STERLING HEIGHTS, MI
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
5
baths
0
sq. ft.
0
property type
Condominium Unit (Residential)
hoa
No
About
Residential
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
—
Building Size
0 sq ft
Lot Size
7,187 sq ft
Lot Size (Acres)
0.16 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)
10-10-32-460-080
County
Macomb County, MI
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
—
Neighborhood/Subdivision
FUHRMANN WOODS CONDOMINIUM
Lot Number
—
School District
Warren Consolidated Schools
Legal Description
FUHRMANN WOODS CONDOMINIUM; MCCP NO. 1214; UNIT 80
Tax & Value Information
Market Value (Total)
$431,400
Building Value
$0
Land Value
$431,400
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$215,700
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
9/29/2022
Recording Date
10/5/2022
Sales Document #
2022.114879
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
$19,693
Return on Investment
15.60%
After Repair Value
$559,813
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
$458,029
Renovation Cost
$25,446
Closing Costs (buying)
$9,161
Holding Costs
$13,896
Selling Costs
$33,589
Total Investment
$126,212
After Repair Value (ARV)
$559,813
Total Costs
$540,121
Estimated Profit
$19,693
Cash Invested
$117,052
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