Auction Property: LUCAS PROPERTIES LLC
Owner's Name: LUCAS PROPERTIES LLC
Location: 4703 MONTICELLO RD
Amount Owed: $3,235
Type: MULTI_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -0.36
Decision: 🚩 Do Not Buy
Market Value: $89,800
Current Price: $155,200
Cost to Build: $244,080.00
10yr Cashflows: $107,330.04
Suggested Bid: $10,733.00 - $53,665.02
Cap Rate: 8.07%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | 🚩 Poor 28% |
| marketRent: | 📌 Good 84% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 28% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 🚩 Poor 0% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -364% |
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: 1.73 💹 Current Price: $155,200.00 💸 Zestimate Price: $155,200.00 💸 Tax Assessed Value: $95,000.00 💸 Average Nearby Price: $89,800.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 1.67 💹 |
| taxes: | 📌 Good 75% Annual Tax: $3,022.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $652.00 💸 Total Annual Cost: $3,674.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,350.00 💸 |
| capitalization rate: | ⚠️ Fair 63% Simulated Rating: 6.35 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 1461 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1950 🕰️ |
| property info: | 🚩 Poor 30% Home Type: MULTI_FAMILY 🏠 Home Bedrooms: 5 🏠 Home Living Area: 2034 🏠 |