Owner's Name: WEST MICHAEL J JR &
Location: 2615 MAGNOLIA ST
Amount Owed: $760
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
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
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% |
**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 🏠 |