Auction Property: ABRAHAM ERNESTINE & THOMAS C
Owner's Name: ABRAHAM ERNESTINE & THOMAS C
Location: 1116 NORTHWOOD ST
Amount Owed: $1,921
Type: MULTI_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 9.94
Decision: 🚩 Do Not Buy
Market Value: $199,268
Current Price: $161,700
Cost to Build: $134,640.00
10yr Cashflows: $127,126.47
Suggested Bid: $12,712.65 - $63,563.23
Cap Rate: 10.36%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | ⚠️ Fair 63% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 16% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 🚩 Poor 0% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 42% |
| acquisitionVsMarketValue: | 📌 Good 94% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Do Not Buy
| location: | City: Columbia 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 0.81 💹 Current Price: $161,700.00 💸 Zestimate Price: $161,700.00 💸 Tax Assessed Value: $55,100.00 💸 Average Nearby Price: $199,267.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,755.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $679.00 💸 Total Annual Cost: $2,434.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,599.00 💸 |
| capitalization rate: | 📌 Good 75% Simulated Rating: 8.74 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1930 🕰️ |
| property info: | 🚩 Poor 0% Home Type: MULTI_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 1122 🏠 |