- Existing data in I-web identifies $30,000 of DM for this building
- This indicates that the building is less than 2% worn out
- Based on its FCI of 98 it is classified in I-Web as "good"
- Also based on this data the adjusted value of the building is about $650,000-$30,000, or $620,000
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- DM is computed at @ $200,000
- The building is about 30% worn out; the resultant FCI is 70, resulting in a "poor" rating
- The resultant adjusted value is about $450,000
- This value and condition is a truer picture of the building; it has a completely non-functional elevator, a 46 year old boiler, a leaky sewer line in the basement resulting in a buildup of mold and an inaccessible restroom among other issues
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