Owner
$452,828
21647 FISHERMAN RD, CALUMET, MI
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
0
baths
1
sq. ft.
2,016
property type
Single Family Residential
hoa
No
About
Residential
Living Area
Garage
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1978
Building Size
2,016 sq ft
Lot Size
3,484,800 sq ft
Lot Size (Acres)
80.00 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)
002-068-001-00
County
Houghton County, Michigan
Metro Area
Houghton, MI
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Calumet Public Schools
Legal Description
C2-18-1 SEC 18 T56N R33W W 12 OF NE 14 (SURFACE ONLY). 80 A
Tax & Value Information
Market Value (Total)
$329,514
Building Value
$0
Land Value
$329,514
Annual Property Tax
$4,414
Tax Assessment Year
2024
Assessed Value
$164,757
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
6/30/2015
Recording Date
7/7/2015
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
$17,522
Return on Investment
15.60%
After Repair Value
$498,111
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
$407,545
Renovation Cost
$22,641
Closing Costs (buying)
$8,151
Holding Costs
$12,365
Selling Costs
$29,887
Total Investment
$112,301
After Repair Value (ARV)
$498,111
Total Costs
$480,589
Estimated Profit
$17,522
Cash Invested
$104,150
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