Auction Property: SANDERS LARRY JR
Owner's Name: SANDERS LARRY JR
Location: 6111 FARROW RD
Amount Owed: $1,431
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 5.59
Decision: 🚩 Do Not Buy
Market Value: $63,900
Current Price: $91,000
Cost to Build: $139,680.00
10yr Cashflows: $115,995.95
Suggested Bid: $11,599.59 - $57,997.97
Cap Rate: 17.41%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 32% |
| marketRent: | 📌 Good 91% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 16% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 39% |
| acquisitionVsMarketValue: | 🚩 Poor -212% |
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: 1.42 💹 Current Price: $91,000.00 💸 Zestimate Price: $91,000.00 💸 Tax Assessed Value: $40,400.00 💸 Average Nearby Price: $63,900.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 3.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,283.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $382.00 💸 Total Annual Cost: $1,665.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,459.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 14.50 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 3839 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1957 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1164 🏠 |