Auction Property: MCCORMICK ELIZABETH M
Owner's Name: MCCORMICK ELIZABETH M
Location: 251 CONNIE WRIGHT RD
Amount Owed: $1,855
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 5.23
Decision: 🚩 Do Not Buy
Market Value: $323,963
Current Price: $544,300
Cost to Build: $430,920.00
10yr Cashflows: $180,075.95
Suggested Bid: $18,007.60 - $90,037.98
Cap Rate: 4.27%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 📌 Good 82% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | ⚠️ Fair 50% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -340% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Do Not Buy 🏅
| location: | City: Irmo 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 1.68 💹 Current Price: $544,300.00 💸 Zestimate Price: $544,300.00 💸 Tax Assessed Value: $217,600.00 💸 Average Nearby Price: $323,962.50 💸 |
| school trends: | 📌 Good 75% Average School Rating: 6.33 💹 |
| taxes: | 📌 Good 75% Annual Tax: $1,656.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $2,286.00 💸 Total Annual Cost: $3,942.00 💸 |
| rent potential: | 📌 Good 100% Estimated Rent Price: $2,265.00 💸 |
| capitalization rate: | 🚩 Poor 13% Simulated Rating: 3.82 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | ⚠️ Fair 63% Time Built: 1992 🕰️ |
| property info: | 📌 Good 100% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 3591 🏠 |