Auction Property: LUCAS PROPERTIES LLC
Owner's Name: LUCAS PROPERTIES LLC
Location: 335 S PICKENS ST
Amount Owed: $10,826
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 9.23
Decision: 🚩 Do Not Buy
Market Value: $309,163
Current Price: $325,000
Cost to Build: $269,760.00
10yr Cashflows: $149,069.50
Suggested Bid: $14,906.95 - $74,534.75
Cap Rate: 4.32%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | 📌 Good 77% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 31% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -26% |
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: 1.05 💹 Current Price: $325,000.00 💸 Zestimate Price: $481,800.00 💸 Tax Assessed Value: $245,200.00 💸 Average Nearby Price: $309,162.50 💸 |
| school trends: | 📌 Good 75% Average School Rating: 5.33 💹 |
| taxes: | ⚠️ Fair 50% Annual Tax: $7,089.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,365.00 💸 Total Annual Cost: $8,454.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,875.00 💸 |
| capitalization rate: | 🚩 Poor 13% Simulated Rating: 3.54 💹 |
| exit strategy: | 🚩 Poor 0% Time On Market: 945 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1960 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 2248 🏠 |