Auction Property: FAIRWAY HOME BUILDERS LLC
Owner's Name: FAIRWAY HOME BUILDERS LLC
Location: 4818 KATY ST
Amount Owed: $667
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: -9.60
Decision: 🚩 Do Not Buy
Market Value: $27,584
Current Price: $79,700
Cost to Build: $120,000.00
10yr Cashflows: $91,906.31
Suggested Bid: $9,190.63 - $45,953.16
Cap Rate: 16.36%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 14% |
| marketRent: | 📌 Good 72% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 14% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | ⚠️ Fair 48% |
| acquisitionVsMarketValue: | 🚩 Poor -945% |
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: 2.89 💹 Current Price: $79,700.00 💸 Zestimate Price: $79,700.00 💸 Tax Assessed Value: $17,100.00 💸 Average Nearby Price: $27,584.38 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 1.67 💹 |
| taxes: | 📌 Good 100% Annual Tax: $497.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $335.00 💸 Total Annual Cost: $832.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,156.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 12.95 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 4486 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1955 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 3 🏠 Home Living Area: 1000 🏠 |