Auction Property: MIDLANDS REAL ESTATE INVESTM
Owner's Name: MIDLANDS REAL ESTATE INVESTM
Location: 1115 CHEVIS ST
Amount Owed: $1,580
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 11.32
Decision: ⚠️ Consider
Market Value: $193,438
Current Price: $150,100
Cost to Build: $66,240.00
10yr Cashflows: $80,378.27
Suggested Bid: $8,037.83 - $40,189.14
Cap Rate: 7.66%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | ⚠️ Fair 65% |
| marketRent: | ⚠️ Fair 63% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 8% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 📌 Good 71% |
| acquisitionVsMarketValue: | 📌 Good 100% |
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: 0.78 💹 Current Price: $150,100.00 💸 Zestimate Price: $150,100.00 💸 Tax Assessed Value: $2,100.00 💸 Average Nearby Price: $193,437.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $0.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $630.00 💸 Total Annual Cost: $630.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,011.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 5.83 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 1547 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1949 🕰️ |
| property info: | ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 1 🏠 Home Living Area: 552 🏠 |