Owner
$135,901
1176 W LAKETON AVE, MUSKEGON, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
1
sq. ft.
1,440
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality C-
Living Area
Garage
1 Story
Unspecified Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
—
Building Size
1,440 sq ft
Lot Size
6,360 sq ft
Lot Size (Acres)
0.15 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)
61-24-205-519-0013-00
County
Muskegon County, MI
Metro Area
Muskegon-Norton Shores, MI
Zoning
R-2
Neighborhood/Subdivision
CITY OF MUSKEGON REVISED PLAT (OF 1903)
Lot Number
13
School District
Muskegon City School District
Legal Description
CITY OF MUSKEGONREVISED PLAT OF 1903LOT 13 BLK 519
Tax & Value Information
Market Value (Total)
$134,200
Building Value
$0
Land Value
$134,200
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$67,100
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
—
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
$5,259
Return on Investment
15.60%
After Repair Value
$149,491
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
$122,311
Renovation Cost
$6,795
Closing Costs (buying)
$2,446
Holding Costs
$3,711
Selling Costs
$8,969
Total Investment
$33,703
After Repair Value (ARV)
$149,491
Total Costs
$144,232
Estimated Profit
$5,259
Cash Invested
$31,257
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