Owner
$270,929
21171 17 MILE RD, BIG RAPIDS, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
1,890
property type
Single Family Residential
hoa
No
About
Residential
Total Area
2 Stories
Unspecified Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1940
Building Size
1,890 sq ft
Lot Size
158,994 sq ft
Lot Size (Acres)
3.65 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)
05 009 002 000
County
Mecosta County, Michigan
Metro Area
Big Rapids, MI
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Big Rapids Public Schools
Legal Description
SEC 09 T15N R10W BEG AT NW COR OF NE 1/4 NE 1/4 TH S 392.5 FT TH E 405 FT TH N 392.5 FT TH W 405 FT TO POB BEING 3 A M/L
Tax & Value Information
Market Value (Total)
$227,600
Building Value
$0
Land Value
$227,600
Annual Property Tax
—
Tax Assessment Year
—
Assessed Value
$113,800
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
—
Recording Date
—
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
$10,484
Return on Investment
15.60%
After Repair Value
$298,022
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
$243,836
Renovation Cost
$13,546
Closing Costs (buying)
$4,877
Holding Costs
$7,398
Selling Costs
$17,881
Total Investment
$67,190
After Repair Value (ARV)
$298,022
Total Costs
$287,538
Estimated Profit
$10,484
Cash Invested
$62,314
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