Owner
$544,821
9030 CHERRY POINT RD, MANITOU BEACH, MI
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
5
baths
2
sq. ft.
1,290
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Living Area
Garage
2 Stories
Forced Air Unit
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1930
Building Size
1,290 sq ft
Lot Size
7,928 sq ft
Lot Size (Acres)
0.18 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)
RL0-550-0300-00
County
Lenawee County, Michigan
Metro Area
Adrian, MI
Zoning
—
Neighborhood/Subdivision
FIRST ADD
Lot Number
29
School District
Addison Community Schools
Legal Description
LOT 29 EX THE W 10 FT ALSO LOT 30 HOME CREST ALSO LOTS 65 & 66 EX W 10 FT OF LOT 65 FIRST ADD. TO HOME CREST
Tax & Value Information
Market Value (Total)
$636,200
Building Value
$0
Land Value
$636,200
Annual Property Tax
$2,179
Tax Assessment Year
2024
Assessed Value
$318,100
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
4/22/1988
Recording Date
4/22/1988
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
$21,082
Return on Investment
15.60%
After Repair Value
$599,303
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
$490,339
Renovation Cost
$27,241
Closing Costs (buying)
$9,807
Holding Costs
$14,877
Selling Costs
$35,958
Total Investment
$135,116
After Repair Value (ARV)
$599,303
Total Costs
$578,221
Estimated Profit
$21,082
Cash Invested
$125,309
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