Owner
$143,145
4406 WARES FERRY RD, MONTGOMERY, AL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,614
property type
Single Family Residential
hoa
No
About
Residential
Building Quality D+
Average 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
1971
Building Size
1,614 sq ft
Lot Size
12,563 sq ft
Lot Size (Acres)
0.29 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)
10-01-11-1-002-010.000
County
Montgomery County, AL
Metro Area
Montgomery, AL
Zoning
R-75-S
Neighborhood/Subdivision
COLLEGE GROVE 2
Lot Number
24
School District
Montgomery County School District
Legal Description
—
Tax & Value Information
Market Value (Total)
$145,500
Building Value
$125,500
Land Value
$20,000
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$29,100
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
1/1/2024
Recording Date
2/1/2024
Sales Document #
2024.4672690
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
$5,539
Return on Investment
15.60%
After Repair Value
$157,460
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
$128,831
Renovation Cost
$7,157
Closing Costs (buying)
$2,577
Holding Costs
$3,909
Selling Costs
$9,448
Total Investment
$35,500
After Repair Value (ARV)
$157,460
Total Costs
$151,921
Estimated Profit
$5,539
Cash Invested
$32,923
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