Auction Property: WEST MICHAEL J JR
Owner's Name: WEST MICHAEL J JR
Location: 5115 HOLMES AVE
Amount Owed: $1,778
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 10.97
Decision: ⚠️ Consider
Market Value: $112,563
Current Price: $97,500
Cost to Build: $132,480.00
10yr Cashflows: $96,120.01
Suggested Bid: $9,612.00 - $48,060.01
Cap Rate: 12.8%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Buy 🏅
| location: | 🚩 Poor 36% |
| marketRent: | 📌 Good 76% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 15% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 43% |
| acquisitionVsMarketValue: | ⚠️ Fair 67% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Buy 🏅
| location: | City: Columbia 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 0.87 💹 Current Price: $97,500.00 💸 Zestimate Price: $97,500.00 💸 Tax Assessed Value: $50,800.00 💸 Average Nearby Price: $112,562.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 2.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,617.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $410.00 💸 Total Annual Cost: $2,027.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,209.00 💸 |
| capitalization rate: | 📌 Good 88% Simulated Rating: 10.02 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 4688 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1956 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1104 🏠 |