House & 2 lots Deal in Hottest Part of Atlanta

[Michael Williams]

I am setting up a meeting with the owner of a house and two adjacent lots in the hottest part of Atlanta GA. He is selling all of them together. The house has been remodeled already so no rehab needed. Zillow has it valued at 267k. This will be a wholesale deal for an end buyer. The house calculations are easy. Get get $1200 - $1300 rent, How do I calculate what to charge for the two lots?

House on a busy street but has space to build behind present.