4-Plex Comps and strategy for purchase

[Chandra Venkat]

I am looking at a potential 4-plex. It has been a challenge to get good comps to come up with the pricing, due to the lack of sales of comparable properties . Looks like the numbers work from a CoC perspective, but the challenge will be to get a god appraisal and hence get the financing at the price I would have to pay to get the deal with the standard downpayment of 25%. Or should I try and go the commercial route to use the CAP rate to come to the value of the property?

Thanks,