Auction Property: NELSON BERNICE
Owner's Name: NELSON BERNICE
Location: 113 BALLENTON RD
Amount Owed: $940
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -43.62
Decision: 🚩 Do Not Buy
Market Value: $34,425
Current Price: $221,700
Cost to Build: $340,800.00
10yr Cashflows: $160,597.54
Suggested Bid: $16,059.75 - $80,298.77
Cap Rate: 10.16%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 27% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 40% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -2,720% |
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: 6.44 💹 Current Price: $221,700.00 💸 Zestimate Price: $221,700.00 💸 Tax Assessed Value: $104,900.00 💸 Average Nearby Price: $34,425.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $784.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $931.00 💸 Total Annual Cost: $1,715.00 💸 |
| rent potential: | 📌 Good 100% Estimated Rent Price: $2,020.00 💸 |
| capitalization rate: | 📌 Good 75% Simulated Rating: 9.03 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1959 🕰️ |
| property info: | 📌 Good 100% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 2840 🏠 |