Owner
$171,787
42532 LILLEY POINTE DR, CANTON, MI
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
0
baths
2
sq. ft.
1,165
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Building Quality C
Living Area
1 Story
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1991
Building Size
1,165 sq ft
Lot Size
0 sq ft
Lot Size (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)
71 055 04 0054 000
County
Wayne County, MI
Metro Area
Detroit-Warren-Dearborn, MI
Zoning
MR
Neighborhood/Subdivision
WAYNE COUNTY COND SUB
Lot Number
0054
School District
Plymouth-Canton Community Schools
Legal Description
14S 54 UNIT 54 REPLAT NO.5 OF WAYNE COUNTY COND SUB PLAN NO. 266 AKA LILLEY POINTE T2S R8E L26869 OF DEEDS P422 TO 433 WCR
Tax & Value Information
Market Value (Total)
$145,400
Building Value
$0
Land Value
$145,400
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$72,700
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
11/29/2021
Recording Date
12/7/2021
Sales Document #
2021.425935
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
$6,647
Return on Investment
15.60%
After Repair Value
$188,966
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
$154,608
Renovation Cost
$8,589
Closing Costs (buying)
$3,092
Holding Costs
$4,691
Selling Costs
$11,338
Total Investment
$42,603
After Repair Value (ARV)
$188,966
Total Costs
$182,318
Estimated Profit
$6,647
Cash Invested
$39,511
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