Auction Property: LUCAS PROPERTIES LLC
Owner's Name: LUCAS PROPERTIES LLC
Location: 7209 FROST AVE
Amount Owed: $2,571
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 8.34
Decision: 🚩 Do Not Buy
Market Value: $68,599
Current Price: $77,500
Cost to Build: $166,320.00
10yr Cashflows: $107,886.56
Suggested Bid: $10,788.66 - $53,943.28
Cap Rate: 17.84%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 27% |
| marketRent: | 📌 Good 85% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 19% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 28% |
| acquisitionVsMarketValue: | 🚩 Poor -65% |
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: 1.13 💹 Current Price: $77,500.00 💸 Zestimate Price: $139,600.00 💸 Tax Assessed Value: $66,500.00 💸 Average Nearby Price: $68,599.38 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 2.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $2,129.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $326.00 💸 Total Annual Cost: $2,455.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,357.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 14.39 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 495 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1960 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1386 🏠 |