Auction Property: WRIGHT-GRAY PARTNERSHIP
Owner's Name: WRIGHT-GRAY PARTNERSHIP
Location: 2321 HERTFORD DR
Amount Owed: $1,237
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 3.93
Decision: 🚩 Do Not Buy
Market Value: $119,625
Current Price: $188,000
Cost to Build: $184,440.00
10yr Cashflows: $115,677.93
Suggested Bid: $11,567.79 - $57,838.97
Cap Rate: 8.3%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | ⚠️ Fair 43% |
| marketRent: | 📌 Good 91% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 22% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 20% |
| acquisitionVsMarketValue: | 🚩 Poor -286% |
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: 1.57 💹 Current Price: $188,000.00 💸 Zestimate Price: $188,000.00 💸 Tax Assessed Value: $94,200.00 💸 Average Nearby Price: $119,625.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 3.33 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,068.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $790.00 💸 Total Annual Cost: $1,858.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,455.00 💸 |
| capitalization rate: | ⚠️ Fair 63% Simulated Rating: 6.89 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 3169 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1975 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1537 🏠 |