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Updated about 7 years ago on . Most recent reply
Comp / Analysis Help on a Duplex
Good Afternoon,
Can anyone help me out with comping a property? I'm having difficulty actually comping it out and was wondering if i could get some assistance.. I also have my analysis below if you'd like to give me any feedback on that as well, i'd be more than happy to receive it...
Property Address: 808 W King Street, York PA
My FMV: $65,000
My Offer Price based on my FMV: $45,000
Comps I pulled:
Comp Analysis:
The average sold price is $70k, but they were all 4/2s so i knocked 5k off that because the subject property is a 3/2.
Deal Analysis:
Is this a good deal?
Did i do my analysis correctly?
Did i pull the right comps?
Was my comp analysis correct?
Most Popular Reply
Im not entirely sure, but I would assume you compare MFU to MFU. If it were 5+ units then you compare based on NOI. Please feel free to correct me if im wrong. I'm following this post so i can grab the answer to your question for myself.