What if I took the RSMeans Contractor's Pricing Guide: Residential Repair & Remodeling 2016 and multiplied by a local variable, such as cost of living?

Also if anyone is aware of the gross rent multipliers in this area can you please provide some.

Any  advice on what to look for from a potential seller and what kind of multiplier we can expect for making offers?

And since it is being handed to the banks, give it a multiplier of 10:1There are three things that I can see happening:1.

I think a more useful metric to compare STRs in our seasonal market is the “peak season nightly rate” (July); that figure can set a generalized multiplier across the other month to get you close.

A week later take another reading and note the KW used multiply by 52 and you be near the yearly usage.

If your primary goal is wealth-building, you need to keep your existence costs as low as possible so that excess capital can be multiplied into more capital.

Also the cash on cash ROI is 13.82% and monthly cashflow is $587.25. also the gross rent multiplier is 1.67 and income expense ratio is 1.86%(2%rule) This is the lowest return property i have.

It grabs all other properties sold within 6 months and are less then 0.5 miles from it, I call this my comparison property set.For each item in comparison property set I compute price/sqft and place these values into a list.I pick the median from this list and multiply this median price/sqft against the sqft of the property that I am trying to estimate.I yield a value H.

Best way I have heard it explained was that if you take purchase price of home, say $100,000 and multiply by 1%, which gets you $1000, you should be able to rent the property for this amount, or more, to be able to cover your cost and turn a profit.