Auction Property: REX RESIDENTIAL PROPERTY
Owner's Name: REX RESIDENTIAL PROPERTY
Location: 1501 FARAWAY DR
Amount Owed: $324
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 6.86
Decision: 🚩 Do Not Buy
Market Value: $131,038
Current Price: $188,200
Cost to Build: $225,600.00
10yr Cashflows: $171,569.05
Suggested Bid: $17,156.91 - $85,784.53
Cap Rate: 11.97%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | ⚠️ Fair 50% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 26% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 2% |
| acquisitionVsMarketValue: | 🚩 Poor -218% |
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: 1.44 💹 Current Price: $188,200.00 💸 Zestimate Price: $188,200.00 💸 Tax Assessed Value: $67,100.00 💸 Average Nearby Price: $131,037.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $2,587.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $790.00 💸 Total Annual Cost: $3,377.00 💸 |
| rent potential: | 📌 Good 100% Estimated Rent Price: $2,158.00 💸 |
| capitalization rate: | 📌 Good 88% Simulated Rating: 10.65 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 3122 days 🕰️ |
| year built: | ⚠️ Fair 63% Time Built: 2002 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 5 🏠 Home Living Area: 1880 🏠 |