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Updated about 10 years ago,

Stephan Haas's profile image
Stephan Haas's profile image
Stephan Haas
  • Investor
  • from Delton, MI
  • Member since Jan 4, 2015
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133
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14
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Stephan Haas's profile image
Stephan Haas's profile image
Stephan Haas
  • Investor
  • from Delton, MI
  • Member since Jan 4, 2015
Connect
Stephan Haas
  • Investor
  • Delton, MI
14
Votes |
133
Posts
Real Estate Deal Analysis & Advice

appraisal question

Stephan Haas
  • Investor
  • Delton, MI
Posted

I had an appraisal done for the lender, I think the appraiser hasd his head up something..

prelacement value was $119,900 

depreciation was $104,000...

income based appraisal was monthly gross x 15.... where is a home worth 15 months rental income? So a 1.2 cap rate?

Is this typical? Zillow zestimate is $98k....actual appraisal $15,900

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