Owner
$154,350
2031 EDWIN ST, HAMTRAMCK, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
1
sq. ft.
1,580
property type
Single Family Residential
hoa
No
About
Residential
Living Area
Garage
4 Stories
Unspecified Basement
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1917
Building Size
1,580 sq ft
Lot Size
3,049 sq ft
Lot Size (Acres)
0.07 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)
41 003 03 0320 000
County
Wayne County, MI
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
—
Neighborhood/Subdivision
WHITNEY'S SUB
Lot Number
320
School District
Hamtramck Public Schools
Legal Description
LOT 320 WHITNEY'S SUB BLOCK 3 1/4 SEC 39-42 10,000 A.T. L25 P77WCR
Tax & Value Information
Market Value (Total)
$131,600
Building Value
$0
Land Value
$131,600
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$65,800
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
9/21/2001
Recording Date
11/27/2001
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
$5,973
Return on Investment
15.60%
After Repair Value
$169,785
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
$138,915
Renovation Cost
$7,718
Closing Costs (buying)
$2,778
Holding Costs
$4,215
Selling Costs
$10,187
Total Investment
$38,279
After Repair Value (ARV)
$169,785
Total Costs
$163,812
Estimated Profit
$5,973
Cash Invested
$35,501
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