Auction Property: MELVIN LAWRENCE R & BETTY W
Owner's Name: MELVIN LAWRENCE R & BETTY W
Location: 2012 CHANDLER AVE
Amount Owed: $703
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 10.93
Decision: ⚠️ Consider
Market Value: $177,888
Current Price: $162,400
Cost to Build: $151,560.00
10yr Cashflows: $101,128.75
Suggested Bid: $10,112.87 - $50,564.37
Cap Rate: 8.64%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Buy 🏅
| location: | ⚠️ Fair 55% |
| marketRent: | 📌 Good 80% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 18% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 34% |
| acquisitionVsMarketValue: | ⚠️ Fair 44% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Buy 🏅
| location: | City: Columbia 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 0.91 💹 Current Price: $162,400.00 💸 Zestimate Price: $162,400.00 💸 Tax Assessed Value: $73,800.00 💸 Average Nearby Price: $177,887.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 3.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $557.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $682.00 💸 Total Annual Cost: $1,239.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,272.00 💸 |
| capitalization rate: | ⚠️ Fair 63% Simulated Rating: 6.98 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1970 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1263 🏠 |