Auction Property: SOUTH CAROLINA REAL ESTATE
Owner's Name: SOUTH CAROLINA REAL ESTATE
Location: 402 FLORIDA ST
Amount Owed: $5,727
Type: MULTI_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -3.71
Decision: 🚩 Do Not Buy
Market Value: $131,091
Current Price: $283,500
Cost to Build: $266,400.00
10yr Cashflows: $160,359.03
Suggested Bid: $16,035.90 - $80,179.51
Cap Rate: 6.24%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | ⚠️ Fair 55% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 31% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 🚩 Poor 0% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -581% |
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: 2.16 💹 Current Price: $283,500.00 💸 Zestimate Price: $283,500.00 💸 Tax Assessed Value: $141,500.00 💸 Average Nearby Price: $131,090.63 💸 |
| school trends: | 📌 Good 75% Average School Rating: 5.33 💹 |
| taxes: | ⚠️ Fair 50% Annual Tax: $5,319.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,191.00 💸 Total Annual Cost: $6,510.00 💸 |
| rent potential: | 📌 Good 100% Estimated Rent Price: $2,017.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 5.35 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 2700 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1900 🕰️ |
| property info: | 🚩 Poor 30% Home Type: MULTI_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 2220 🏠 |