Does raising the rent on a SFH raise the value?

[Account Closed]

Let's say a Single Family Home was bought for $100k and rents for $1000 (GMR = 100)a month. If I am able to get $1,200 a month, wouldn't that raise the value of the home to $120k , using the same multiplier?

I have heard some say that it does and some say that it only applies to Multi-Family. But, as an investor, if you're able to raise the rent and get a better return, it would make no sense to say the asset is still worth the same as it was at the lower rent.