Owner
$488,200
108 INDIAN RIVER DR, HUNTSVILLE, AL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
2
sq. ft.
2,629
property type
Single Family Residential
hoa
Yes
About
Residential
Excellent Condition
Living Area
1 Story
Forced Air Unit
Wood
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2009
Building Size
2,629 sq ft
Lot Size
19,015 sq ft
Lot Size (Acres)
0.44 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)
13-01-01-2-000-005.050
County
Madison County, AL
Metro Area
Huntsville, AL
Zoning
—
Neighborhood/Subdivision
RIVERSIDE LANDING PH 3
Lot Number
71
School District
Madison County School District
Legal Description
LOT 71 RIVERSIDE LANDING PH 3 PB # 20061218000854240
Tax & Value Information
Market Value (Total)
$412,000
Building Value
$332,000
Land Value
$80,000
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$41,200
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
8/24/2023
Recording Date
8/24/2023
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
$18,891
Return on Investment
15.60%
After Repair Value
$537,020
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
$439,380
Renovation Cost
$24,410
Closing Costs (buying)
$8,788
Holding Costs
$13,330
Selling Costs
$32,221
Total Investment
$121,074
After Repair Value (ARV)
$537,020
Total Costs
$518,129
Estimated Profit
$18,891
Cash Invested
$112,286
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