Deal evaluation no comps

[Christy Osterkamp]

Anyone like investing in the Jackson Mississippi area? I have an opportunity to purchase a property near Jackson State University that’s empty and ready for rehab. But no comps as it is a multi family. Would love to talk to you if you are a fellow investor in the Jackson area.

[Ronan Donnelly]

Hi @Christy Osterkamp, with multifamily you can rely more on straight forward financial analysis to arrive at a purchase price (Net Operating Income / Cap Rate = Property Value). For comps you should be comparing rent for comparable unit sizes to get an idea of what income you should use as an input to your model. Good luck!