Auction Property: TURNER CHARLENE T
Owner's Name: TURNER CHARLENE T
Location: 1156 ELGIN RD
Amount Owed: $2,382
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -33.62
Decision: 🚩 Do Not Buy
Market Value: $86,376
Current Price: $468,400
Cost to Build: $367,920.00
10yr Cashflows: $197,089.75
Suggested Bid: $19,708.98 - $98,544.88
Cap Rate: 5.47%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | ⚠️ Fair 47% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | ⚠️ Fair 43% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 0% |
| acquisitionVsMarketValue: | 🚩 Poor -2,211% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Do Not Buy 🏅
| location: | City: Elgin 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 5.42 💹 Current Price: $468,400.00 💸 Zestimate Price: $468,400.00 💸 Tax Assessed Value: $247,500.00 💸 Average Nearby Price: $86,375.63 💸 |
| school trends: | 📌 Good 75% Average School Rating: 5.67 💹 |
| taxes: | ⚠️ Fair 50% Annual Tax: $2,162.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,967.00 💸 Total Annual Cost: $4,129.00 💸 |
| rent potential: | 📌 Good 100% Estimated Rent Price: $2,479.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 4.96 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1983 🕰️ |
| property info: | 📌 Good 100% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 3066 🏠 |