Owner
$256,752
8106 OLD HIGHWAY 494, COLLINSVILLE, MS
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
3,006
property type
Single Family Residential
hoa
Yes
About
Residential
Living Area
Garage
1.5 Stories
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1987
Building Size
3,006 sq ft
Lot Size
87,120 sq ft
Lot Size (Acres)
2.00 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)
23469
County
Lauderdale County, Mississippi
Metro Area
Meridian, MS
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Lauderdale County School District
Legal Description
#14-C PT NESE1/4 (3A) DESC DB 1004 P.197 LESS 1A TO POOL
Tax & Value Information
Market Value (Total)
$226,950
Building Value
$208,950
Land Value
$18,000
Annual Property Tax
$1,243
Tax Assessment Year
2025
Assessed Value
$22,695
Last Assessment Year
2025
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
8/3/2018
Recording Date
8/3/2018
Sales Document #
2018.6784
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
$9,935
Return on Investment
15.60%
After Repair Value
$282,427
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
$231,077
Renovation Cost
$12,838
Closing Costs (buying)
$4,622
Holding Costs
$7,011
Selling Costs
$16,946
Total Investment
$63,674
After Repair Value (ARV)
$282,427
Total Costs
$272,492
Estimated Profit
$9,935
Cash Invested
$59,053
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