We r in the same market 

Originally posted by @Lalit R.

I/R = V or another way of explaining Income as in NOI divided by return or cap rate = value.

:@Robert R.

Using a different model, and an r squared to gage for best fit, it suggests, as you say, we are above the long term trend.

Justin R.

@Jordan R. welcome to Bigger Pockets!

If you want to see it, I've shared it here:https://docs.google.com/spreadsheets/d/1ZCyGxTIO-r...Note that there are some variables you can modify on the second tab to see how they effect your calculated cash flow and cap rates.

Like @Gulliver R. said, get bank statements for at least 12-18 months and see what amounts are deposited at what time.

I have a 7000 sq.ft. lot with R-3 zoning.