Auction Property: NICOL MICHAEL W A/K/A MIKE W
Owner's Name: NICOL MICHAEL W A/K/A MIKE W
Location: 7239 FROST AVE
Amount Owed: $1,621
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -49.54
Decision: 🚩 Do Not Buy
Market Value: $43,613
Current Price: $300,900
Cost to Build: $207,600.00
10yr Cashflows: $147,479.42
Suggested Bid: $14,747.94 - $73,739.71
Cap Rate: 6.5%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 21% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 24% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 10% |
| acquisitionVsMarketValue: | 🚩 Poor -2,950% |
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: 6.90 💹 Current Price: $300,900.00 💸 Zestimate Price: $300,900.00 💸 Tax Assessed Value: $144,900.00 💸 Average Nearby Price: $43,612.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 2.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,435.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,264.00 💸 Total Annual Cost: $2,699.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,855.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 5.65 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 2539 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1979 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1730 🏠 |