Rough Property Valuation

[Greg Olson]

Hey I've never invested in a property before but there is a property I'm interested in that's in a work/live community with a living unit on top and a small store front on the bottom. Ive looked at what other units are renting for and have found that the living space rents for about $1,200 a month and the commercial are for $1,500. It was built in 2008 so I believe maintenance costs would be low but I also know there is an HOA fee for $237 a month. I just wanted to hear what you guys would value the property at before telling you what its listed for to see if it would be viable. Whats the most you would pay for this kind of cash flow?