Owner
$353,730
16931 GENERAL # 16933, FRASER, MI
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
4
baths
4
sq. ft.
2,687
property type
Duplex (2 units, any combination)
hoa
Yes
About
Residential
Building Quality C
Total Area
Attached Garage
1 Story
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1990
Building Size
2,687 sq ft
Lot Size
11,195 sq ft
Lot Size (Acres)
0.26 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)
03-14-05-151-018
County
Macomb County, MI
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
RM
Neighborhood/Subdivision
GARFIELD PARK SUB
Lot Number
56-57
School District
Fraser Public Schools
Legal Description
GARFIELD PARK SUB L 11 P 25, LOTS 56 & 57
Tax & Value Information
Market Value (Total)
$350,200
Building Value
$0
Land Value
$350,200
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$175,100
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
5/25/2021
Recording Date
6/9/2021
Sales Document #
2021.2196170
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
$13,687
Return on Investment
15.60%
After Repair Value
$389,103
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
$318,357
Renovation Cost
$17,687
Closing Costs (buying)
$6,367
Holding Costs
$9,659
Selling Costs
$23,346
Total Investment
$87,725
After Repair Value (ARV)
$389,103
Total Costs
$375,416
Estimated Profit
$13,687
Cash Invested
$81,358
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