Owner
$45,880
58236 CALUMET WATERWORKS RD, CALUMET, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
0
sq. ft.
0
property type
Single Family Residential
hoa
No
About
Residential
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
—
Building Size
0 sq ft
Lot Size
11,805 sq ft
Lot Size (Acres)
0.27 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)
002-059-007-85
County
Houghton County, Michigan
Metro Area
Houghton, MI
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Calumet Public Schools
Legal Description
C2-9-5B3 SEC 9 T56N R33W PAR IN NW 14 OF SW 14 COM 1293.65' S &1285.55' E OF W 14 COR OF SEC 9, TH ALONG S LINE OF NW 14 OF S
Tax & Value Information
Market Value (Total)
$4,628
Building Value
$0
Land Value
$4,628
Annual Property Tax
$14
Tax Assessment Year
2024
Assessed Value
$2,314
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
—
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
$1,775
Return on Investment
15.60%
After Repair Value
$50,468
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
$41,292
Renovation Cost
$2,294
Closing Costs (buying)
$826
Holding Costs
$1,253
Selling Costs
$3,028
Total Investment
$11,378
After Repair Value (ARV)
$50,468
Total Costs
$48,693
Estimated Profit
$1,775
Cash Invested
$10,552
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