Owner
$919,146
2410 S SANDY BEACH RD, LAKE LEELANAU, MI
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
2
baths
1
sq. ft.
780
property type
Single Family Residential
hoa
No
About
Residential
Building Perimeter
Floor/Wall
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1964
Building Size
780 sq ft
Lot Size
15,899 sq ft
Lot Size (Acres)
0.36 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)
001-620-011-00
County
Leelanau County, Michigan
Metro Area
Traverse City, MI
Zoning
LEEW
Neighborhood/Subdivision
MORIOS SANDY BEACH
Lot Number
11-12
School District
Suttons Bay Public Schools
Legal Description
LOTS 11 & 12 MORIOS SANDY BEACH SUBD SEC 1 T29N R12W 0.45 A M/L
Tax & Value Information
Market Value (Total)
$746,400
Building Value
$0
Land Value
$746,400
Annual Property Tax
$9,967
Tax Assessment Year
2025
Assessed Value
$373,200
Last Assessment Year
2025
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
8/25/2020
Recording Date
8/25/2020
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
$35,566
Return on Investment
15.60%
After Repair Value
$1,011,061
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
$827,231
Renovation Cost
$45,957
Closing Costs (buying)
$16,545
Holding Costs
$25,098
Selling Costs
$60,664
Total Investment
$227,948
After Repair Value (ARV)
$1,011,061
Total Costs
$975,495
Estimated Profit
$35,566
Cash Invested
$211,404
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