Auction Property: SIMPKINS INVESTMENTS LLC
Owner's Name: SIMPKINS INVESTMENTS LLC
Location: 5409 HOLMES AVE
Amount Owed: $1,541
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 2.47
Decision: 🚩 Do Not Buy
Market Value: $60,113
Current Price: $99,900
Cost to Build: $108,720.00
10yr Cashflows: $94,370.93
Suggested Bid: $9,437.09 - $47,185.47
Cap Rate: 13.52%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 25% |
| marketRent: | 📌 Good 74% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 13% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 53% |
| acquisitionVsMarketValue: | 🚩 Poor -331% |
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: 1.66 💹 Current Price: $99,900.00 💸 Zestimate Price: $99,900.00 💸 Tax Assessed Value: $43,700.00 💸 Average Nearby Price: $60,112.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 2.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $317.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $420.00 💸 Total Annual Cost: $737.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,187.00 💸 |
| capitalization rate: | 📌 Good 88% Simulated Rating: 10.80 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 2946 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1935 🕰️ |
| property info: | ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 906 🏠 |