The way I see this is :1. not utilizing the calculator well enough (eg. undervaluing my rent estimation) 2. there is no good properties in the area to invest. 3. other issues that I may not see (blind spot). 

And the Redfin estimate is valuing it at 346,308.

@Tabitha KixSSBA has a decent amount of properties, but they are just ONE Brokerage Company among approximately a dozen that specialize in Storage.

I am researching what it will cost and looking for the right contractors for the job and trying to get estimates on the job.  

Approximate purchase price of $650-$850k with a construction budget of $1.0-$1.5m depending on total unit count. 

If your return is approximately that of the S&P 500 - around 10 percent annual - you will have a nice sum of $280,000.On the other hand, let's say you buy a $500,000 cabin with 20 percent down ($100,000), on a 15-year note. 

I am looking to understand the ROI on the investment under the two scenarios and how to correctly estimate the differences in total return between the two options, assuming the positive cash flow ($28K/year w 3% growth rate) is reinvested and compared to keeping the $260K in the stock market.

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

Just ask them both to lock in your rate and send you a rate lock loan estimate and move on.

At a 6% cap-rate my property's worth approximately $1.9 million instead.Does anyone know of any options like this out there?