In my market my number is 2% or a monthly gross rent multiplier (GRM) of 50.

It needs some serious help but its in the revitalization district of our downtown, so its got some upward potential over the next couple years.I try to sell my lower end rental property at a 50 monthly Gross Rent Multiplier (monthly rent X 50) or better.

Then, I divide that gross rent by 2 to get the NOI (based on the 50% rule).Next, I determine my desired cash flow by multiplying $100 by the number of units in the building/complex.I subtract that cash flow number from the NOI to get the maximum payment I can make (assuming 100% financing).

While there are dozens of financial terms used in Real Estate, terms like Capitalization Rate, Gross Multiplier, Return ON Investment, Return OF Investment, and on and on, the final number is HOW MUCH ACTUAL DOLLARS will you make that you can spend.

Multiply that by a bunch of good people working together and imagine the possibilities.

Then I calculate the price per square foot and gross rent multiplier for each property.

Do I just multiply 1803sq ft by $118.76 and call it good?

Then take the SF and multiply by $300 - $400.

Use the market value multiplied by the tax rate for that neighborhood to calculate your annual property tax.

There were multiply offers on this property within a few days and will probably go fast.