Owner
$414,117
1521 FRANKLIN ST, ANN ARBOR, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
1
sq. ft.
1,410
property type
Single Family Residential
hoa
No
About
Residential
Living Area
Garage
1.5 Stories
Unspecified Basement
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1974
Building Size
1,410 sq ft
Lot Size
7,492 sq ft
Lot Size (Acres)
0.17 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)
09-09-19-214-023
County
Washtenaw County, Michigan
Metro Area
Ann Arbor, MI
Zoning
R1C
Neighborhood/Subdivision
GARDEN HOMES PARK SUBDIVISION
Lot Number
102
School District
Ann Arbor Public Schools
Legal Description
LOT 102 GARDEN HOMES PARK SUBDIVISION
Tax & Value Information
Market Value (Total)
$315,600
Building Value
$0
Land Value
$315,600
Annual Property Tax
$6,213
Tax Assessment Year
2024
Assessed Value
$157,800
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
8/6/2018
Recording Date
8/13/2018
Sales Document #
2018.6435954
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
$16,024
Return on Investment
15.60%
After Repair Value
$455,529
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
$372,705
Renovation Cost
$20,706
Closing Costs (buying)
$7,454
Holding Costs
$11,308
Selling Costs
$27,332
Total Investment
$102,701
After Repair Value (ARV)
$455,529
Total Costs
$439,505
Estimated Profit
$16,024
Cash Invested
$95,247
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