Owner
$166,877
19344 STRATHCONA DR, DETROIT, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
3
sq. ft.
2,512
property type
Single Family Residential
hoa
Yes
About
Residential
Living Area
Detached Garage
3 Stories
Unspecified Basement
Forced Air Unit
Brick
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1920
Building Size
2,512 sq ft
Lot Size
13,068 sq ft
Lot Size (Acres)
0.30 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)
02004687.
County
Wayne County, Michigan
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
R1
Neighborhood/Subdivision
PALMER WOODS SUB
Lot Number
—
School District
Detroit City School District
Legal Description
E STRATHCONA DRIVE 281 PALMER WOODS SUB L32 P16 PLATS, W C R 2/140 100 IRREG NEZH CERT #2011-0136, RELATED PARCEL #27110136.
Tax & Value Information
Market Value (Total)
$19,800
Building Value
$0
Land Value
$19,800
Annual Property Tax
$580
Tax Assessment Year
2024
Assessed Value
$9,900
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
12/26/2019
Recording Date
5/15/2020
Sales Document #
2020.164520
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
$6,457
Return on Investment
15.60%
After Repair Value
$183,565
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
$150,189
Renovation Cost
$8,344
Closing Costs (buying)
$3,004
Holding Costs
$4,557
Selling Costs
$11,014
Total Investment
$41,385
After Repair Value (ARV)
$183,565
Total Costs
$177,107
Estimated Profit
$6,457
Cash Invested
$38,382
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