Valuation of rental portfolio

[Katie Sorensen]

Hi all

We are considering selling our rental portfolio in OH and could use some help with the valuation of it.

The basics of it:

12 properties and 15 units from 11 SFH and one 4-plex

Most are in Toledo, one is in Maple Heights (outside of Cleveland), the 4 plex is in Akron, OH
Gross rents are $10,340/mo. Two units are under market value rent.
Insurance on whole portfolio is $731/mo
Property management is in place for 10% fee.

Market value based on sales approach is around $725,000. We aren't sure if we should market it for sale at this value or use a different valuation approach. Any insight would be greatly appreciated!

Thanks in advance.