Auction Property: WEST MICHAEL J JR &

 


Owner's Name: WEST MICHAEL J JR &

Location: 2615 MAGNOLIA ST

Amount Owed: $760

Type: SINGLE_FAMILY

View:   View on Zillow     |   View on Realtor

Overall (Final)

Score: 5.63

Decision: 🚩 Do Not Buy  

Market Value: $61,116

Current Price: $82,400

Cost to Build: $102,240.00

10yr Cashflows: $100,095.20

Suggested Bid: $10,009.52 - $50,047.60

Cap Rate: 17.14%

** cap rate calculated based on Current Price 

Level 1 (Analysis)

Decision: Do Not Buy 🏅

location: 🚩 Poor 25%
marketRent: 📌 Good 79%
taxHistory: 📌 Good 100%
lotFeatures: 🚩 Poor 12%
marketDemand: 🚩 Poor 0%
propertyType: 📌 Good 100%
legalConsiderations: 📌 Good 100%
developmentFeasibility: ⚠️ Fair 56%
acquisitionVsMarketValue: 🚩 Poor -174%

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: 1.35 💹 Current Price: $82,400.00 💸 Zestimate Price: $82,400.00 💸 Tax Assessed Value: $20,000.00 💸 Average Nearby Price: $61,116.25 💸
school trends: ⚠️ Fair 50% Average School Rating: 2.33 💹
taxes: 📌 Good 100% Annual Tax: $636.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $346.00 💸 Total Annual Cost: $982.00 💸
rent potential: ⚠️ Fair 50% Estimated Rent Price: $1,259.00 💸
capitalization rate: 📌 Good 100% Simulated Rating: 13.87 💹
exit strategy: ⚠️ Fair 60% Time On Market: 4648 days 🕰️
year built: 🚩 Poor 0% Time Built: 1942 🕰️
property info: ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 852 🏠