Owner
$511,185
5828 ASHCROFT AVE, MINNEAPOLIS, MN
Quick Facts
owner occupied
No
vacant
Yes
corporate owner
No
beds
2
baths
2
sq. ft.
972
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Gross Area
Attached Garage
1 Story
Unspecified Basement
Floor/Wall
Masonry
Packaged Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1953
Building Size
972 sq ft
Lot Size
6,970 sq ft
Lot Size (Acres)
0.16 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)
19-028-24-31-0076
County
Hennepin County, Minnesota
Metro Area
Minneapolis-St. Paul-Bloomington, MN-WI
Zoning
R-1
Neighborhood/Subdivision
FAIRFAX
Lot Number
8
School District
Edina Public School District
Legal Description
LOT 008 BLOCK 008 A FAIRFAX 50 X 135.72
Tax & Value Information
Market Value (Total)
$482,300
Building Value
$114,000
Land Value
$368,300
Annual Property Tax
$6,013
Tax Assessment Year
2024
Assessed Value
$482,300
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
11/13/2024
Recording Date
11/13/2024
Sales Document #
2024.1713716
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$218,290
Average Price per Sq.Ft.: $224.58
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$19,780
Return on Investment
15.60%
After Repair Value
$562,304
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
$460,067
Renovation Cost
$25,559
Closing Costs (buying)
$9,201
Holding Costs
$13,958
Selling Costs
$33,738
Total Investment
$126,774
After Repair Value (ARV)
$562,304
Total Costs
$542,523
Estimated Profit
$19,780
Cash Invested
$117,573
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