Assuming your rent and expenses remain unchanged indefinitely, it would take 15 years to earn the $315k you’d make from the sale.

You fixed your building and even at unchanged NOI, its value improved so cap rate is now lower (NOI represents a lower portion of the value).Cap rate is not a driving force, it's the result of dividing the market value of the building by the NOI.That being said, it is true that not all improvements will raise the building's value.

As you can see, property prices seriously tanked.Below is the $/SF rental rate for the same period for properties that conformed to my property profile.As you can see, rental rates for this segment were virtually unchanged during this period.

@Ani KapMany lenders have rate bumps for loans under $100k, and for non owner occupied properties.The rates are not based on making profit, but have more to do with risk.Loans under $100k default more often than loans over $100k, and similarly non owner occupied properties default more often than owner occupied.Your fixed loan costs like underwriting (usually around $900-$1,000) and appraisal (usually $500-600) will remain unchanged regardless of loan size, however at lower loan amounts, they seem more expensive...

The average price declined 5.2 percent to $199,045 while the median price rose 6.8 percent to $164,500;Single-family home leases increased 2.4 percent with the average rent up 2.3 percent to $1,795;Volume of townhome/condominium leases dropped 15.2 percent with the average rent unchanged at $1,543.

The average price declined 5.2 percent to $199,045 while the median price rose 6.8 percent to $164,500;Single-family home leases increased 2.4 percent with the average rent up 2.3 percent to $1,795;Volume of townhome/condominium leases dropped 15.2 percent with the average rent unchanged at $1,543.

When the sellers are proactively pressuring you to do that, that's another thing and it means everyone knows this property is worth less than what you are willing to pay.If someone with a good DTI is putting 20% down and the appraisal comes in say 3% or 2% short, I can restructure the loan such that their down payment remains unchanged but they take on PMI, often times I'll go all the way down to the next 5% increment so they keep cash in their pocket while I'm at it (IE: consumer 'feels' they are putting 20% down based on sales price, underwriter views it as being 'really' 17% down due to appraisal, well screw that 15% down gets the same PMI rate and lets them keep money in their pocket, so we're doing that not 17%).

The average price increased 3.4 percent to $218,440 while the median price rose 2.5 percent to $168,625;Single-family home leases fell 1.3 percent with the average rent up 2.6 percent to $1,775;Volume of townhome/condominium leases dropped 8.7 percent with the average rent unchanged at $1,500.

At this time screening is unchanged.

@Logan Allec the actual cost of CPMs should go unchanged or maybe we should expect an increase rationalized by Facebook using the argument that the algorithm change will increase the effectiveness of CPMs.