What would you think I could sell my 8 unit apt. complex for in Muncie, IN

[Daniel Stegelman]

The apt. complex has unit has six 2 bed 1 baths and two 1 bed 1 baths. Total monthly revenue 5700/month for all units rented as LTRs. 25% percentile rent on Rent-o-meter. I just like getting my units rented ASAP. I have one unit that rents intermittently for 1290/month furnished. I have new plumbing and electric done in all of the units one year ago. 55k investment. This investment was mainly for the new washer and dryer units in every property. All units have vinyl plank flooring.

1% rule would make the listing price 570,000 using my LTR data. I've seen more recently it's the 0.75-0.8 rule now. Depends on the market of course. Obviously this is a very rough estimate of the selling price.

I'm looking to sell to get invested more in Indianapolis, IN for more short term rentals. STR market is so-so in Munice, IN. The 8 unit has been a nice long term unit and has potential for MTRs.

Thanks in advance!