Auction Property: SINGLETON REBA G &
Owner's Name: SINGLETON REBA G &
Location: 705 SUMMIT AVE
Amount Owed: $398
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -8.62
Decision: 🚩 Do Not Buy
Market Value: $33,500
Current Price: $93,000
Cost to Build: $158,160.00
10yr Cashflows: $99,220.66
Suggested Bid: $9,922.07 - $49,610.33
Cap Rate: 15.37%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 16% |
| marketRent: | 📌 Good 78% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 18% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 31% |
| acquisitionVsMarketValue: | 🚩 Poor -888% |
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: 2.78 💹 Current Price: $93,000.00 💸 Zestimate Price: $93,000.00 💸 Tax Assessed Value: $37,100.00 💸 Average Nearby Price: $33,500.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 1.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $295.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $391.00 💸 Total Annual Cost: $686.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,248.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 12.46 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1951 🕰️ |
| property info: | ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 1318 🏠 |