Auction Property: NIEMEYER ALVIN H &
Owner's Name: NIEMEYER ALVIN H &
Location: 217 LAKE FRONT DR
Amount Owed: $6,112
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 11.42
Decision: ⚠️ Consider
Market Value: $315,560
Current Price: $273,700
Cost to Build: $253,440.00
10yr Cashflows: $158,291.93
Suggested Bid: $15,829.19 - $79,145.97
Cap Rate: 6.3%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | 📌 Good 72% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 30% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | ⚠️ Fair 66% |
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: 0.87 💹 Current Price: $273,700.00 💸 Zestimate Price: $273,700.00 💸 Tax Assessed Value: $179,500.00 💸 Average Nearby Price: $315,560.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.33 💹 |
| taxes: | ⚠️ Fair 50% Annual Tax: $5,490.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,150.00 💸 Total Annual Cost: $6,640.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,991.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 5.38 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1982 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 2112 🏠 |