Again this one is licked with off the shelf software for another application entirely, with a different purpose and for a different industry, but with the same needs mathematically and analytically.I have the algorithm already but integrating these other software programs is the technical KLUSTER FUCHEN we will face.Mr Investor is making my point with his comment about "if I can find another source.." which illustrates what I said above about if it works people will use it and if the results are backed up by hard data the industries (real estate, appraisal, lending etc ) will follow suit eventually when the market tells them "you guys are wrong and we ain't doing this deal on your terms."

I was just trying to illustrate that two similar properties with the same cap rate can demand a lot different prices depending on where they are.

The overwhelming majority of posts appear to illustrate that investors are making the right moves all the time: every property is flipped for profit, rented with good tenants, or refinanced with a pocket full of cash at closing.

Hopefully my point illustrates why I am not a fan of using statistics.

This changes when the lease rate is higher or lower than average though.A lot of this is very general and not the most helpful, but I hope illustrates the benefit you will receive by using a competent broker and attorney to get this done. 

Let’s say average rent in Boston is $3,000 and it’s $1,000 in Tampa... your 6% in Boston is $180 and it’s $100 in Tampa.Same amount of work for $80 lessHopefully that helps illustrate that it isn’t apples to apples to compare based on percentages only.By the way we are seeing 8+caps here routinely.

The details: Note that numbers are hypothetical and for easy math to help illustrate the scenario!

To illustrate, which one cash flows better?

When I was stating what the property costs me every month, I was including extra to account for repairs.Also, Its not likely to be vacant any time soon as illustrated by the volume of calls I recieved wanting to rent the place with out even seeing it within a half of a day.

@Joel Owens & @Christopher Telles This listing near me illustrates just what you're talking about.