A cap rate is independent of debt and assumes you have accurate expenses which you'll almost never find on residential property.

It shows the properties in this neighborhood range from 22K-70K, which would make this property 17% above the high end of the market.The projected renal income also seems to be a bit high, but if the property really is at the top end of the market (like the pricing would suggest) this might be accurate.If you assume the above rental estimate is accurate that would take this property from being above the 1% rule to below.Overall I get that on a listing you would want to be aggressive, but the price seems very aggressive. 

My first question is - Are these number that you provided completely accurate?

I don't know about how assessed value is determined there, but tax assessed values are typically not accurate and are usually much lower than actual value.

Assuming the buyer can qualify for conventional financing and your numbers are accurate (which I suspect if I was purchasing my value add cost would be higher)  They purchase at $400k.  

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

This helps ensure the rental price suggestions are incredibly accurate by avoiding less similar locations.For property condition assessments, PadStats utilizes AI and computer vision to score properties based on Fannie Mae condition guidelines, which has been a game-changer for precision in rental valuations.They are also expanding to include automated property valuations and crime data heatmaps, making it an even more comprehensive tool for real estate professionals.As for non-AI tools, I still find Asana and Stessa indispensable for workflow management and portfolio tracking.

It's hard not to be as the greatest city in America.Perhaps more accurately a state with a few tech billionaires, a large homeless population and a sizeable number of recent immigrants who are there until they realize it would be best to move to a different state. 

To me it was 100% accurate and about 90% a full discussion on the topic.  

It won't be 100% accurate, but it will be close enough.