Owner
$133,296
1120 CHOYCE AVE, CHARLOTTE, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
1
sq. ft.
714
property type
Single Family Residential
hoa
No
About
Residential
Building Quality D
Average Condition
Living Area
1 Story
None
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1952
Building Size
714 sq ft
Lot Size
10,454 sq ft
Lot Size (Acres)
0.24 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)
167-131-06
County
Mecklenburg County, North Carolina
Metro Area
Charlotte-Concord-Gastonia, NC-SC
Zoning
R-4
Neighborhood/Subdivision
NATION FORD HOMES
Lot Number
20
School District
Charlotte-Mecklenburg Schools
Legal Description
L20 BB M6-491
Tax & Value Information
Market Value (Total)
$107,300
Building Value
$47,300
Land Value
$60,000
Annual Property Tax
$966
Tax Assessment Year
2024
Assessed Value
$107,300
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
2/22/2019
Recording Date
2/25/2019
Sales Document #
2019.20707
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
$5,158
Return on Investment
15.60%
After Repair Value
$146,626
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
$119,966
Renovation Cost
$6,665
Closing Costs (buying)
$2,399
Holding Costs
$3,640
Selling Costs
$8,798
Total Investment
$33,057
After Repair Value (ARV)
$146,626
Total Costs
$141,468
Estimated Profit
$5,158
Cash Invested
$30,658
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