Auction Property: ELKIN BARBARA W & NORA C
Owner's Name: ELKIN BARBARA W & NORA C
Location: 601 S OTT RD
Amount Owed: $1,667
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 6.51
Decision: 🚩 Do Not Buy
Market Value: $206,350
Current Price: $296,300
Cost to Build: $211,320.00
10yr Cashflows: $134,520.31
Suggested Bid: $13,452.03 - $67,260.16
Cap Rate: 5.91%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 📌 Good 75% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 25% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 8% |
| acquisitionVsMarketValue: | 🚩 Poor -218% |
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: 1.44 💹 Current Price: $296,300.00 💸 Zestimate Price: $296,300.00 💸 Tax Assessed Value: $194,600.00 💸 Average Nearby Price: $206,350.00 💸 |
| school trends: | 📌 Good 75% Average School Rating: 6.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,551.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $1,244.00 💸 Total Annual Cost: $2,795.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,692.00 💸 |
| capitalization rate: | 🚩 Poor 38% Simulated Rating: 5.03 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1980 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1761 🏠 |