Auction Property: FORD FREDDIE JR LIFE ESTATE
Owner's Name: FORD FREDDIE JR LIFE ESTATE
Location: 501 BRIERCLIFF DR
Amount Owed: $891
Type: SINGLE_FAMILY
View: View on Zillow | View on Realtor
Overall (Final)
Score: 4.97
Decision: 🚩 Do Not Buy
Market Value: $69,025
Current Price: $102,600
Cost to Build: $168,480.00
10yr Cashflows: $111,384.73
Suggested Bid: $11,138.47 - $55,692.36
Cap Rate: 15.25%
** cap rate calculated based on Current Price
Level 1 (Analysis)
Decision: Do Not Buy 🏅
| location: | 🚩 Poor 35% |
| marketRent: | 📌 Good 88% |
| taxHistory: | 📌 Good 100% |
| lotFeatures: | 🚩 Poor 20% |
| marketDemand: | 🚩 Poor 0% |
| propertyType: | 📌 Good 100% |
| legalConsiderations: | 📌 Good 100% |
| developmentFeasibility: | 🚩 Poor 27% |
| acquisitionVsMarketValue: | 🚩 Poor -243% |
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: 1.49 💹 Current Price: $102,600.00 💸 Zestimate Price: $102,600.00 💸 Tax Assessed Value: $38,900.00 💸 Average Nearby Price: $69,025.00 💸 |
| school trends: | ⚠️ Fair 50% Average School Rating: 4.00 💹 |
| taxes: | 📌 Good 100% Annual Tax: $737.00 💸 Monthly Hoa Tax: $0.00 💸 Annual Insurance: $431.00 💸 Total Annual Cost: $1,168.00 💸 |
| rent potential: | ⚠️ Fair 50% Estimated Rent Price: $1,401.00 💸 |
| capitalization rate: | 📌 Good 100% Simulated Rating: 12.65 💹 |
| exit strategy: | ⚠️ Fair 60% Time On Market: 8615 days 🕰️ |
| year built: | 🚩 Poor 0% Time Built: 1972 🕰️ |
| property info: | 📌 Good 80% Home Type: SINGLE_FAMILY 🏠 Home Bedrooms: 4 🏠 Home Living Area: 1404 🏠 |