Owner
$418,417
1840 RICHMOND LN, IOWA CITY, IA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
Yes
beds
3
baths
1
sq. ft.
1,402
property type
Single Family Residential (Assumed)
hoa
Yes
About
Residential
Total Area
Attached Garage
1 Story
Full Basement
Gas
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2011
Building Size
1,402 sq ft
Lot Size
8,102 sq ft
Lot Size (Acres)
0.19 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)
1024120003
County
Johnson County, Iowa
Metro Area
Iowa City, IA
Zoning
—
Neighborhood/Subdivision
VILLAGE GREEN - PART XXIII
Lot Number
66
School District
Iowa City Community School District
Legal Description
VILLAGE GREEN - PART XXIII LOT 66
Tax & Value Information
Market Value (Total)
$381,170
Building Value
$325,880
Land Value
$55,290
Annual Property Tax
$6,974
Tax Assessment Year
2024
Assessed Value
$381,170
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
9/30/2014
Recording Date
9/30/2014
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
$16,191
Return on Investment
15.60%
After Repair Value
$460,259
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
$376,575
Renovation Cost
$20,921
Closing Costs (buying)
$7,532
Holding Costs
$11,425
Selling Costs
$27,616
Total Investment
$103,767
After Repair Value (ARV)
$460,259
Total Costs
$444,068
Estimated Profit
$16,191
Cash Invested
$96,236
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