Owner
$53,009
19750 BURGESS, DETROIT, MI
Quick Facts
owner occupied
No
vacant
Yes
corporate owner
Yes
beds
0
baths
1
sq. ft.
882
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Living Area
1 Story
Unspecified Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1954
Building Size
882 sq ft
Lot Size
5,227 sq ft
Lot Size (Acres)
0.12 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)
22112119.
County
Wayne County, MI
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
R1
Neighborhood/Subdivision
ADJ PALMEADOW SUB
Lot Number
—
School District
Detroit City School District
Legal Description
E BURGESS 297 AND W 9 FT OF VAC ALLEY ADJ PALMEADOW SUB NO 2 L62 P54 PLATS, W C R 22/655 40 X 135
Tax & Value Information
Market Value (Total)
$51,400
Building Value
$0
Land Value
$51,400
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$25,700
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
11/16/2020
Recording Date
2/17/2021
Sales Document #
2021.59704
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
$2,051
Return on Investment
15.60%
After Repair Value
$58,310
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
$47,708
Renovation Cost
$2,650
Closing Costs (buying)
$954
Holding Costs
$1,447
Selling Costs
$3,499
Total Investment
$13,146
After Repair Value (ARV)
$58,310
Total Costs
$56,259
Estimated Profit
$2,051
Cash Invested
$12,192
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