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Updated about 7 years ago,

Branton B.'s profile image
Branton B.'s profile image
Branton B.
  • Investor
  • from Las Vegas, NV
  • Member since Sep 6, 2016
  • Posts 39
  • Votes 17
  • Experience 8 Yrs
  • Investments 2
Connect

User Stats

39
Posts
17
Votes
Branton B.'s profile image
Branton B.'s profile image
Branton B.
  • Investor
  • from Las Vegas, NV
  • Member since Sep 6, 2016
  • Posts 39
  • Votes 17
  • Experience 8 Yrs
  • Investments 2
Connect
Branton B.
  • Investor
  • Las Vegas, NV
17
Votes |
39
Posts
Multi-Family and Apartment Investing

Tiny Markets and no Market Cap Rates

Branton B.
  • Investor
  • Las Vegas, NV
Posted
Analyzing a few 5+ unit deals in an ultra small market, where even local commercial brokers and lenders say “we don’t really use market cap rates, we just order a third party appraisal” to determine value. I have “actuals” and have calculated exact NOI, but have no market cap rate to divide by to project current value and ARV once repositioned. Anyone else run in to this? Solutions?
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