Auction Property: MILLER ANDREW K
Owner's Name: MILLER ANDREW K
Location: 948 ROSEDALE ARCH
Amount Owed: $760
Type: MULTI_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -0.92
Decision: 🚩 Do Not Buy
Market Value: $85,289
Current Price: $146,900
Cost to Build: $161,280.00
10yr Cashflows: $80,537.28
Suggested Bid: $8,053.73 - $40,268.64
Cap Rate: 7.42%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | 🚩 Poor 30% |
| marketRent: | ⚠️ Fair 63% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 19% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 🚩 Poor 0% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 30% |
| acquisitionVsMarketValue: | 🚩 Poor -361% |
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: 1.72 💹 Current Price: $146,900.00 💸 Zestimate Price: $146,900.00 💸 Tax Assessed Value: $20,000.00 💸 Average Nearby Price: $85,288.75 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 2.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $636.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $617.00 💸 Total Annual Cost: $1,253.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,013.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 5.55 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 2210 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1930 🕰️ |
| property info: | 🚩 Poor 0% Home Type: MULTI_FAMILY 🏠 Home Bedrooms: null 🏠 Home Living Area: 1344 🏠 |