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Parcel

Underwrite an auction lot before you bid.

Type your bid, the after-repair value, rehab, rent and taxes. Parcel runs the rental, flip or BRRRR math in your browser and gives your call as BID, REVIEW or SKIP, free with an account. Nothing you type leaves this page.

Strategy
Start at the opening bid.
What it sells for once fixed.
Blank uses 0.8% of the bid. Florida quotes often run higher.
Assumptions and buy box

Assumptions: vacancy 5%, management 8%, maintenance 5%, reserves 5%, closing 2.5%, 6 months of rehab, refinance at 70% of ARV. Buy box: cap rate 6.5%, cash-on-cash 8%, DSCR 1.15, flip margin 12%.

Enter a bid to start.

Parcel gives a call only on numbers you enter. Rental needs rent and taxes; a flip needs the after-repair value and rehab; BRRRR needs all of them. Or load the example to see a filled memo.

Underwriting a real Florida auction?

The $25 SIGNAL$ Property Report adds the county record, comps, zoning, and the liens that survive the sale.

Get a SIGNAL$ report - $25Find an auction on the Radar