Auction Property: SMITH IVAN ETAL
Owner's Name: SMITH IVAN ETAL
Location: 408 SADDLEFIELD RD
Amount Owed: $1,709
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 5.58
Decision: 🚩 Do Not Buy
Market Value: $58,975
Current Price: $84,600
Cost to Build: $154,800.00
10yr Cashflows: $116,631.98
Suggested Bid: $11,663.20 - $58,315.99
Cap Rate: 18.59%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 24% |
| marketRent: | 📌 Good 92% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 18% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 33% |
| acquisitionVsMarketValue: | 🚩 Poor -217% |
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: 1.43 💹 Current Price: $84,600.00 💸 Zestimate Price: $84,600.00 💸 Tax Assessed Value: $38,500.00 💸 Average Nearby Price: $58,975.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 2.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,518.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $355.00 💸 Total Annual Cost: $1,873.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,467.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 15.46 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1971 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 1290 🏠 |