Auction Property: MORGAN CORDELL
Owner's Name: MORGAN CORDELL
Location: 2008 OUIDA ST
Amount Owed: $3,441
Type: APARTMENT
View: View on Zillow | View on Realtor
Overall (Final)
Score: 10.92
Decision: ⚠️ Consider
Market Value: $153,350
Current Price: $77,000
Cost to Build: $247,680.00
10yr Cashflows: $150,182.55
Suggested Bid: $15,018.26 - $75,091.28
Cap Rate: 24.9%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Hold
| location: | ⚠️ Fair 53% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 29% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 🚩 Poor 0% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 📌 Good 100% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Hold
| location: | City: Columbia 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 0.50 💹 Current Price: $77,000.00 💸 Zestimate Price: $0.00 💸 Tax Assessed Value: $76,000.00 💸 Average Nearby Price: $153,350.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $3,169.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $323.00 💸 Total Annual Cost: $3,492.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,889.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 21.60 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 363 days 🕰️ |
| year built: | ⚠️ Fair 63% Time Built: 1994 🕰️ |
| property info: | 🚩 Poor 30% Home Type: APARTMENT 🏠 Home Bedrooms: 4 🏠 Home Living Area: 2064 🏠 |