Owner
$214,091
3928 SOLANO RD, PANAMA CITY, FL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,401
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Living Area
2 Stories
Forced Air Unit
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1983
Building Size
1,401 sq ft
Lot Size
2,003 sq ft
Lot Size (Acres)
0.05 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)
11677-211-000
County
Bay County, Florida
Metro Area
Panama City-Panama City Beach, FL
Zoning
PC05
Neighborhood/Subdivision
ST AND BAY DEV CO PLAT
Lot Number
—
School District
Bay County School District
Legal Description
17 3S 14W -10.211- 90A ST AND BAY DEV CO PLAT BEG 2325.59 E & 529.55 N OF SW COR TH N 22 W 93.74 S 22 E 93.82 TO POB ORB 3884 P 1427
Tax & Value Information
Market Value (Total)
$132,011
Building Value
$112,211
Land Value
$19,800
Annual Property Tax
$1,374
Tax Assessment Year
2023
Assessed Value
$114,074
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
2/23/2017
Recording Date
3/23/2017
Sales Document #
2017.15759
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
$8,284
Return on Investment
15.60%
After Repair Value
$235,500
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
$192,682
Renovation Cost
$10,705
Closing Costs (buying)
$3,854
Holding Costs
$5,846
Selling Costs
$14,130
Total Investment
$53,095
After Repair Value (ARV)
$235,500
Total Costs
$227,216
Estimated Profit
$8,284
Cash Invested
$49,241
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