Owner
$212,850
5391 W NORRIE PARK RD, IRONWOOD, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
1,520
property type
Single Family Residential
hoa
No
About
Residential
Living Area
Garage
1 Story
Unspecified Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1956
Building Size
1,520 sq ft
Lot Size
115,870 sq ft
Lot Size (Acres)
2.66 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)
02-04-005-300
County
—
Metro Area
—
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Ironwood Area Schools
Legal Description
SEC. 35 T47N R47W MAP NO. 101C-102C PART OF NE1/4 OF NE1/4 & NW1/4 OF NE1/4;BEG AT NW COR OF SD NE1/4 OF NE1/4; TH E 208.7 FT; TH S 224 FT; TH W 517.4 FT;TH N 224 FT; TH E 308.7 FT TO POB. 2.66 ACRES M OR L 461/787 563/904
Tax & Value Information
Market Value (Total)
$177,896
Building Value
$0
Land Value
$177,896
Annual Property Tax
—
Tax Assessment Year
—
Assessed Value
$88,948
Last Assessment Year
2023
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
—
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
$8,236
Return on Investment
15.60%
After Repair Value
$234,135
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
$191,565
Renovation Cost
$10,643
Closing Costs (buying)
$3,831
Holding Costs
$5,812
Selling Costs
$14,048
Total Investment
$52,787
After Repair Value (ARV)
$234,135
Total Costs
$225,899
Estimated Profit
$8,236
Cash Invested
$48,956
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