Owner
$278,877
39923 PARKLAWN DR, STERLING HEIGHTS, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
2
sq. ft.
1,464
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C
Living Area
Attached Garage
3 Stories
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1963
Building Size
1,464 sq ft
Lot Size
7,187 sq ft
Lot Size (Acres)
0.16 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)
10-10-15-301-027
County
Macomb County, Michigan
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
R-60
Neighborhood/Subdivision
PLUMBROOK VILLAGE SUBDIVISION
Lot Number
259
School District
Utica Community Schools
Legal Description
M 6 PLUMBROOK VILLAGE SUBDIVISION NO. 3, LOT 259
Tax & Value Information
Market Value (Total)
$235,800
Building Value
$0
Land Value
$235,800
Annual Property Tax
$3,562
Tax Assessment Year
2024
Assessed Value
$117,900
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
9/18/2020
Recording Date
9/25/2020
Sales Document #
2020.2115963
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
$10,791
Return on Investment
15.60%
After Repair Value
$306,765
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
$250,989
Renovation Cost
$13,944
Closing Costs (buying)
$5,020
Holding Costs
$7,615
Selling Costs
$18,406
Total Investment
$69,161
After Repair Value (ARV)
$306,765
Total Costs
$295,974
Estimated Profit
$10,791
Cash Invested
$64,142
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