Owner
$77,256
215 PINE ST, SHELBY, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
0
sq. ft.
0
property type
Single Family Residential
hoa
No
About
Residential
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
—
Building Size
0 sq ft
Lot Size
18,114 sq ft
Lot Size (Acres)
0.42 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)
046-107-027-00
County
—
Metro Area
—
Zoning
—
Neighborhood/Subdivision
SHELBY VILLAGE
Lot Number
27-28
School District
Shelby Public Schools
Legal Description
215 PINE ST QC794774 QC-L2006P245 QC-L2009P8465 AFF-L2009P11536 PT FR 028-00 IN 1979 LOT 27 & N 1/2 OF LOT 28 BLOCK 7 SHELBY
Tax & Value Information
Market Value (Total)
$59,400
Building Value
$0
Land Value
$59,400
Annual Property Tax
—
Tax Assessment Year
2022
Assessed Value
$29,700
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
6/3/2022
Recording Date
6/6/2022
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
$2,989
Return on Investment
15.60%
After Repair Value
$84,982
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
$69,530
Renovation Cost
$3,863
Closing Costs (buying)
$1,391
Holding Costs
$2,110
Selling Costs
$5,099
Total Investment
$19,159
After Repair Value (ARV)
$84,982
Total Costs
$81,992
Estimated Profit
$2,989
Cash Invested
$17,769
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