Auction Property: WASHINGTON OTIS JR
Owner's Name: WASHINGTON OTIS JR
Location: 1116 PALISADES CIR
Amount Owed: $1,675
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 12.08
Decision: 🏅 Buy
Market Value: $111,600
Current Price: $83,800
Cost to Build: $135,600.00
10yr Cashflows: $113,769.84
Suggested Bid: $11,376.98 - $56,884.92
Cap Rate: 18.46%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Buy 🏅
| location: | ⚠️ Fair 46% |
| marketRent: | 📌 Good 89% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 16% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 41% |
| acquisitionVsMarketValue: | 📌 Good 100% |
Level 2 (Simulation)
**involves significant stress testing
Decision: Buy 🏅
| location: | City: Columbia 🚲 County: Richland County 🚲 |
| price vs market value: | ⚠️ Fair 40% Value Ratio: 0.75 💹 Current Price: $83,800.00 💸 Zestimate Price: $83,800.00 💸 Tax Assessed Value: $28,900.00 💸 Average Nearby Price: $111,600.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,354.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $352.00 💸 Total Annual Cost: $1,706.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,431.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 15.29 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 5330 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1964 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 1130 🏠 |