Auction Property: LEE PORTER LAMAR
Owner's Name: LEE PORTER LAMAR
Location: NX307 FERRELL DR
Amount Owed: $634
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -5.77
Decision: 🚩 Do Not Buy
Market Value: $49,688
Current Price: $129,000
Cost to Build: $188,760.00
10yr Cashflows: $107,409.54
Suggested Bid: $10,740.95 - $53,704.77
Cap Rate: 12.14%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 36% |
| marketRent: | 📌 Good 84% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 22% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 18% |
| acquisitionVsMarketValue: | 🚩 Poor -798% |
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: 2.60 💹 Current Price: $129,000.00 💸 Zestimate Price: $129,000.00 💸 Tax Assessed Value: $500.00 💸 Average Nearby Price: $49,687.50 💸 |
| school trends: | 📌 Good 75% Average School Rating: 5.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $15.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $542.00 💸 Total Annual Cost: $557.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,351.00 💸 |
| capitalization rate: | 📌 Good 88% Simulated Rating: 10.06 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1947 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1573 🏠 |