Auction Property: ELLIS WILLIE
Owner's Name: ELLIS WILLIE
Location: 243 LAKESIDE AVE
Amount Owed: $2,229
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 2.38
Decision: 🚩 Do Not Buy
Market Value: $88,875
Current Price: $166,800
Cost to Build: $226,200.00
10yr Cashflows: $152,488.16
Suggested Bid: $15,248.82 - $76,244.08
Cap Rate: 13.38%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 28% |
| marketRent: | 📌 Good 100% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 26% |
| marketDemand: | ⚠️ Fair 50% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 2% |
| acquisitionVsMarketValue: | 🚩 Poor -438% |
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: 1.88 💹 Current Price: $166,800.00 💸 Zestimate Price: $166,800.00 💸 Tax Assessed Value: $64,500.00 💸 Average Nearby Price: $88,875.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 1.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $0.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $701.00 💸 Total Annual Cost: $701.00 💸 |
| rent potential: | 📌 Good 75% Estimated Rent Price: $1,918.00 💸 |
| capitalization rate: | 📌 Good 88% Simulated Rating: 11.86 💹 |
| exit strategy: | 📌 Good 100% Time On Market: 0 🕰️ |
| year built: | 📌 Good 100% Time Built: 2006 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 1885 🏠 |