Owner
$369,797
2604 FEATHER RIDGE DR, CEDAR FALLS, IA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,684
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
Attached Garage
1 Story
Improved Basement (Finished)
Yes
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2011
Building Size
1,684 sq ft
Lot Size
10,780 sq ft
Lot Size (Acres)
0.25 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)
8914-15-231-003
County
Black Hawk County, Iowa
Metro Area
Waterloo-Cedar Falls, IA
Zoning
—
Neighborhood/Subdivision
QUAIL RIDGE FIFTH ADDITION
Lot Number
5
School District
Cedar Falls Community School District
Legal Description
QUAIL RIDGE FIFTH ADDITION LOT 5
Tax & Value Information
Market Value (Total)
$325,340
Building Value
$275,290
Land Value
$50,050
Annual Property Tax
$4,922
Tax Assessment Year
2024
Assessed Value
$325,340
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
5/28/2021
Recording Date
6/3/2021
Sales Document #
2021.25551
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
$14,309
Return on Investment
15.60%
After Repair Value
$406,777
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
$332,817
Renovation Cost
$18,490
Closing Costs (buying)
$6,656
Holding Costs
$10,097
Selling Costs
$24,407
Total Investment
$91,710
After Repair Value (ARV)
$406,777
Total Costs
$392,468
Estimated Profit
$14,309
Cash Invested
$85,053
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