Auction Property: OLMSTED US IV LLC
Owner's Name: OLMSTED US IV LLC
Location: 117 GILMORE ST
Amount Owed: $1,735
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 5.52
Decision: 🚩 Do Not Buy
Market Value: $73,863
Current Price: $105,000
Cost to Build: $121,680.00
10yr Cashflows: $95,006.96
Suggested Bid: $9,500.70 - $47,503.48
Cap Rate: 11.77%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 36% |
| marketRent: | 📌 Good 75% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 14% |
| marketDemand: | 🚩 Poor 39% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 47% |
| acquisitionVsMarketValue: | 🚩 Poor -211% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Do Not Buy 🏅
| location: | City: Eastover 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 1.42 💹 Current Price: $105,000.00 💸 Zestimate Price: $96,700.00 💸 Tax Assessed Value: $39,300.00 💸 Average Nearby Price: $73,862.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,543.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $441.00 💸 Total Annual Cost: $1,984.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,195.00 💸 |
| capitalization rate: | 📌 Good 75% Simulated Rating: 9.18 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 110 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1971 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1014 🏠 |