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Updated over 7 years ago on . Most recent reply

User Stats

1,632
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875
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Johann Jells
  • Rental Property Investor
  • Jersey City, NJ
875
Votes |
1,632
Posts

Any idea how Zillow calculates values or rents for multifamilies?

Johann Jells
  • Rental Property Investor
  • Jersey City, NJ
Posted

A while back I actually "claimed" one of my properties, a 3 family rowhouse, and entered in the correct data to see what would happen to the "Zestimate". It's now $827k with a rent of $2300. WTF? Regardless of the accuracy of the price, are the GRM's that high, or do they simply pull this stuff from their rear? That's a GRM of 30! It's 2 2br and one 3br, actual rent roll is $4750.

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