Owner
$297,681
308 RIVER ROCK PASS, FORT WAYNE, IN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
1,596
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C
Average Condition
Living Area
Attached Garage
2 Stories
No Basement
Central
Masonry
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2011
Building Size
1,596 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)
02-11-05-310-012.000-038
County
Allen County, IN
Metro Area
Fort Wayne, IN
Zoning
—
Neighborhood/Subdivision
HAMILTON MEADOWS
Lot Number
46
School District
Southwest Allen County Metropolitan School District
Legal Description
HAMILTON MEADOWS SEC III LOT 46
Tax & Value Information
Market Value (Total)
$207,600
Building Value
$181,500
Land Value
$26,100
Annual Property Tax
—
Tax Assessment Year
2022
Assessed Value
$207,600
Last Assessment Year
2022
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
7/25/2017
Recording Date
7/31/2017
Sales Document #
2017.40535
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
$11,519
Return on Investment
15.60%
After Repair Value
$327,449
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
$267,913
Renovation Cost
$14,884
Closing Costs (buying)
$5,358
Holding Costs
$8,128
Selling Costs
$19,647
Total Investment
$73,825
After Repair Value (ARV)
$327,449
Total Costs
$315,930
Estimated Profit
$11,519
Cash Invested
$68,467
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