Owner
$382,539
518 RIDGEWAY LN, LEXINGTON, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
4,027
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Total Area
Mixed
2 Stories
Heat Pump
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1990
Building Size
4,027 sq ft
Lot Size
40,024 sq ft
Lot Size (Acres)
0.92 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)
13-021-G-000-0039
County
Davidson County, North Carolina
Metro Area
Winston-Salem, NC
Zoning
RS
Neighborhood/Subdivision
RIDGEWAY EST
Lot Number
—
School District
Davidson County Schools
Legal Description
L39 P=21-21 BK2334-490 RIDGEWAY EST2
Tax & Value Information
Market Value (Total)
$243,130
Building Value
$213,130
Land Value
$30,000
Annual Property Tax
$1,605
Tax Assessment Year
2024
Assessed Value
$243,130
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
10/15/2018
Recording Date
10/15/2018
Sales Document #
2018.21200
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
$14,802
Return on Investment
15.60%
After Repair Value
$420,793
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$344,285
Renovation Cost
$19,127
Closing Costs (buying)
$6,886
Holding Costs
$10,445
Selling Costs
$25,248
Total Investment
$94,870
After Repair Value (ARV)
$420,793
Total Costs
$405,991
Estimated Profit
$14,802
Cash Invested
$87,984
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:
Map Filters
Key Amenities in the Area