Auction Property: LEWIS NICHOLAS M D/B/A
Owner's Name: LEWIS NICHOLAS M D/B/A
Location: 3012 RICHFIELD DR
Amount Owed: $3,796
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 8.44
Decision: 🚩 Do Not Buy
Market Value: $174,575
Current Price: $184,800
Cost to Build: $121,680.00
10yr Cashflows: $104,070.39
Suggested Bid: $10,407.04 - $52,035.19
Cap Rate: 6.15%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | ⚠️ Fair 58% |
| marketRent: | 📌 Good 82% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 26% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 47% |
| acquisitionVsMarketValue: | 🚩 Poor -29% |
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: 1.06 💹 Current Price: $184,800.00 💸 Zestimate Price: $184,800.00 💸 Tax Assessed Value: $112,000.00 💸 Average Nearby Price: $174,575.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.00 💹 |
| taxes: | ⚠️ Fair 50% Annual Tax: $3,562.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $776.00 💸 Total Annual Cost: $4,338.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,309.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 4.70 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 1303 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1945 🕰️ |
| property info: | ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 1014 🏠 |