Auction Property: FAIRWAY HOME BUILDERS LLC
Owner's Name: FAIRWAY HOME BUILDERS LLC
Location: 4408 PALMETTO AVE
Amount Owed: $1,249
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 7.70
Decision: 🚩 Do Not Buy
Market Value: $98,063
Current Price: $109,400
Cost to Build: $115,680.00
10yr Cashflows: $88,328.65
Suggested Bid: $8,832.86 - $44,164.32
Cap Rate: 10.85%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy
| location: | 🚩 Poor 30% |
| marketRent: | ⚠️ Fair 69% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 13% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 50% |
| acquisitionVsMarketValue: | 🚩 Poor -58% |
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: 1.12 💹 Current Price: $109,400.00 💸 Zestimate Price: $109,400.00 💸 Tax Assessed Value: $34,900.00 💸 Average Nearby Price: $98,062.50 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 1.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $1,007.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $459.00 💸 Total Annual Cost: $1,466.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,111.00 💸 |
| capitalization rate: | 📌 Good 75% Simulated Rating: 8.35 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 3183 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1950 🕰️ |
| property info: | ⚠️ Fair 50% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 2 🏠 Home Living Area: 964 🏠 |