Auction Property: PRICE JOSEPH WAYNE
Owner's Name: PRICE JOSEPH WAYNE
Location: 573 PENN RD
Amount Owed: $5,178
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 5.68
Decision: 🚩 Do Not Buy
Market Value: $175,588
Current Price: $260,600
Cost to Build: $209,280.00
10yr Cashflows: $118,301.55
Suggested Bid: $11,830.16 - $59,150.78
Cap Rate: 5.92%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | ⚠️ Fair 55% |
| marketRent: | 📌 Good 93% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 24% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 9% |
| acquisitionVsMarketValue: | 🚩 Poor -242% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Do Not Buy 🏅
| location: | City: Hopkins 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 1.48 💹 Current Price: $260,600.00 💸 Zestimate Price: $260,600.00 💸 Tax Assessed Value: $151,200.00 💸 Average Nearby Price: $175,587.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 3.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,345.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,095.00 💸 Total Annual Cost: $2,440.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,488.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 4.90 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | ⚠️ Fair 63% Time Built: 1989 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1744 🏠 |