Auction Property: LEE FRANK J ETAL
Owner's Name: LEE FRANK J ETAL
Location: 2537 MIDLAND DR
Amount Owed: $801
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 8.46
Decision: 🚩 Do Not Buy
Market Value: $150,363
Current Price: $171,400
Cost to Build: $146,160.00
10yr Cashflows: $112,418.28
Suggested Bid: $11,241.83 - $56,209.14
Cap Rate: 9.07%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | ⚠️ Fair 41% |
| marketRent: | 📌 Good 88% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 17% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 37% |
| acquisitionVsMarketValue: | 🚩 Poor -70% |
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: 1.14 💹 Current Price: $171,400.00 💸 Zestimate Price: $171,400.00 💸 Tax Assessed Value: $87,100.00 💸 Average Nearby Price: $150,362.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 1.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $694.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $720.00 💸 Total Annual Cost: $1,414.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,414.00 💸 |
| capitalization rate: | ⚠️ Fair 63% Simulated Rating: 7.52 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1961 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1218 🏠 |