10 unit multi family

[Tim Hall]

We purchased a 10 unit property in Madison fl. It's a bit out of the way. The break down is 6: 2 bed 2 bath 3: 1bed 1 bath 1: 2700 commercial building once used as a daycare We get $500 for the 2 beds and $400 for the 1 beds The daycare is being fixed up but we have a potential tenant for $1000 a month 7 out of potential 9 are rented. One is on the market and one is going thru the eviction process. We pay for water, trash, yard and management Water is around $200 Mth Trash $180 mth Yard is $200 mth Management is $400 ish a mth What's it worth? Now and when I get everything rented.

[Jason D.]

There is no way to know without knowing the CAP rate in your area for similar properties. If you know the cap rate and know your NOI, the value should be easy to figure out.