It will cost you to start getting rent from empties.The 60x multiplier may or may not have anything to do with real value to you.

Multiply that number by the amount of square footage in your property under review and you will get a "rough" estimate of value.

Once i think i have found my comp sales price i multiply 11.25% of my comped price for closing cost, sales commissions, marketing, and escrow fees.

Multiplies 8x in 12, 16x in 16 years.

So when I approach a market I look at the population and multiply it by 10%.

Gallinelli talks about these smaller properties being valued using Gross Rent Multipliers as well as comps.

If you see the world through your fears, poverty multiplies all around you.You're not selling products.

So what is a number, ratio, multiplier, etc., that the average Multifamily investor is looking for?

decide what your ARV (after repair value is) then take that number and multiply by 70% (.70) then subtract your repairs and that should be close to where you want to be.

Multiplying first versus subtracting first gives you a different result because of the Please Excuse My Dear Aunt Sally rules.Check out these posts for some more discussion of the 70% rule:http://forums.biggerpockets.com/viewtopic.php?