Auction Property: BRIGGS ANDRE J
Owner's Name: BRIGGS ANDRE J
Location: 923 EASTMAN ST
Amount Owed: $1,368
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -24.88
Decision: 🚩 Do Not Buy
Market Value: $20,950
Current Price: $91,700
Cost to Build: $125,760.00
10yr Cashflows: $85,228.00
Suggested Bid: $8,522.80 - $42,614.00
Cap Rate: 12.29%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | 🚩 Poor 20% |
| marketRent: | ⚠️ Fair 67% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 15% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 46% |
| acquisitionVsMarketValue: | 🚩 Poor -1,689% |
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: 4.38 💹 Current Price: $91,700.00 💸 Zestimate Price: $91,700.00 💸 Tax Assessed Value: $41,200.00 💸 Average Nearby Price: $20,950.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 3.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,211.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $385.00 💸 Total Annual Cost: $1,596.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,072.00 💸 |
| capitalization rate: | 📌 Good 75% Simulated Rating: 9.30 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1955 🕰️ |
| property info: | ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 1048 🏠 |