Owner
$304,566
320 CHERRY ST, MOUNT AIRY, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
2,804
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Living Area
Garage
1 Story
Unfinished Basement
None
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1927
Building Size
2,804 sq ft
Lot Size
21,998 sq ft
Lot Size (Acres)
0.51 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)
5020-16-84-8424
County
Surry County, North Carolina
Metro Area
Mount Airy, NC
Zoning
R6
Neighborhood/Subdivision
CHERRY/E CHURCH
Lot Number
—
School District
Mount Airy City Schools
Legal Description
320 CHERRY ST
Tax & Value Information
Market Value (Total)
$170,800
Building Value
$156,400
Land Value
$14,400
Annual Property Tax
$1,174
Tax Assessment Year
2024
Assessed Value
$170,800
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
8/1/1977
Recording Date
8/1/1977
Sales Document #
—
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
$11,785
Return on Investment
15.60%
After Repair Value
$335,023
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
$274,109
Renovation Cost
$15,228
Closing Costs (buying)
$5,482
Holding Costs
$8,316
Selling Costs
$20,101
Total Investment
$75,532
After Repair Value (ARV)
$335,023
Total Costs
$323,238
Estimated Profit
$11,785
Cash Invested
$70,050
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