Owner
$239,592
251 SIMPSON AVE APT 119, LEXINGTON, KY
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
0
baths
2
sq. ft.
1,050
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Living Area
1 Story
No Basement
Central
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1997
Building Size
1,050 sq ft
Lot Size
0 sq ft
Lot Size (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)
19963450
County
Fayette County, Kentucky
Metro Area
Lexington-Fayette, KY
Zoning
R-4
Neighborhood/Subdivision
CAMPUS DOWNS
Lot Number
—
School District
Fayette County School District
Legal Description
G-545 CAMPUS DOWNS LOT; BOOK: 80 PAGE: 216
Tax & Value Information
Market Value (Total)
$108,300
Building Value
$0
Land Value
$108,300
Annual Property Tax
$1,339
Tax Assessment Year
2024
Assessed Value
$108,300
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
—
Recording Date
5/19/2009
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
$9,271
Return on Investment
15.60%
After Repair Value
$263,551
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
$215,633
Renovation Cost
$11,980
Closing Costs (buying)
$4,313
Holding Costs
$6,542
Selling Costs
$15,813
Total Investment
$59,419
After Repair Value (ARV)
$263,551
Total Costs
$254,280
Estimated Profit
$9,271
Cash Invested
$55,106
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