Auction Property: RICHBURG MONICA
Owner's Name: RICHBURG MONICA
Location: 1701 HORSESHOE DR
Amount Owed: $2,196
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 6.31
Decision: 🚩 Do Not Buy
Market Value: $206,800
Current Price: $311,000
Cost to Build: $378,600.00
10yr Cashflows: $184,607.67
Suggested Bid: $18,460.77 - $92,303.83
Cap Rate: 7.9%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | ⚠️ Fair 63% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | ⚠️ Fair 44% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -252% |
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: 1.50 💹 Current Price: $311,000.00 💸 Zestimate Price: $311,000.00 💸 Tax Assessed Value: $173,400.00 💸 Average Nearby Price: $206,800.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 3.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,977.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,306.00 💸 Total Annual Cost: $3,283.00 💸 |
| rent potential: | 📌 Good 100% Estimated Rent Price: $2,322.00 💸 |
| capitalization rate: | ⚠️ Fair 63% Simulated Rating: 7.12 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 2649 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1966 🕰️ |
| property info: | 📌 Good 100% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 3155 🏠 |