It's a product of people wanting to hit the easy button.

And you have no risk of evictions and, depending on your management company, you get most of your damages covered even.So I'm wondering if maybe investors just need to see the actual proformas and what these numbers look like with some basic assumptions (i.e. annual rent increases, annual appreciation) to really hit home how good these numbers truly are.   

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Most people stopped buying when COVID really hit the world hard in spring/summer 2020.  

The reason you don't see the car loan is because it hasn't hit the reports yet.

@Joshua Christensen hit it on the head.Even if CAP rate were meaningful for residential property, what do you intend to do with that information. 

I actually moved here from Portland OR and purchased my own rentals - all clean BRRRRs and hit the 1% rule.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

@Rick Albert hit the nail on the head with his comment.

For example if your condos are on the ocean on pilings, and it's time for the pilings to get replaced, you could get hit with a hefty HOA charge to cover the construction costs.Hope that helps.Mike