The home value spike of 2013 to 2016 can be significantly attributed to cheap money.

The best way to value 3-4 unit buildings is using the sales comparison approach with nearby sales comps with similar attributes to the property.

A major negative is that when you strip away the industrial era attributes like water transportation, hydro electric power, relative cool summers ( an industrial neccessity before air conditioning), a semi skilled work force, and the advantages of having a geographically concentrated industry, you are left with a city with a high level of poverty, a low level of education, a corrupt and ineffective government and very bad weather.  

Attributed it to "my insurance wouldn't cover the dwelling with a tenant"@John Thedford, I played it off on my insurance agent and coverage. 

Rent to value is far to low to produce any real cash flow.When you consider the amount of equity, even at the equilivant value of saving 4% on a mortgage you are negative $500 per month cash flow.If you attribute a more realistic value of 10% as the opportunity value of the $270K, which is $2250 you are so deep into negative cash flow it is unimaginable.You should be selling now and get every dime you can for the property.

Hi Ben, commercial lenders, and private lenders, underwrite the loan based on the rental property's income and attributes.

I'm almost positive that bed/bath attributes to the price but how do you get that number.

There are many factors attributing to your results in DM and have yet to find myself in a position to be comfortable with 6 months of DM not paying itself ten fold when other tactics far more cost effective have worked great for me.

The shorter payoff period (26 years vs. 30) is attributable to the 9% return vs. th 7% rate.If you want to put this money into a Roth IRA, you have to pay tax on it first.

That is a defeatist attitude.Never over look negative issues with any tenant simply because they have a few good attributes.