. $150,000 NOI / $2,000,000 (purchase price of your property) = 7.5% cap rateNow calculate the cap rate for three other properties and take the average of all four cap rates ex. 7.5% +7% + 7.3% + 7% = 28.8%, then divide the 28.8 / 4 = 7.2% (Average Cap Rate)- Take your average cape rate of 7.2% and convert to a decimal, .072 and add a one to the front of it (1.072), then multiply that by the purchase price of your property, 1.072 x $2,000,000 = $2,144,000.

There must be a decimal point misplaced somewhere.

Coming in late here to defend both my city and proper decimal placement...a .0013 chance is 1 in 769, not 1 in 76.

We all seem to have forgotten about how over-leveraging decimated 10s of thousands of people a few short years ago.Brew your own coffee, brown bag your lunch, drive a beater and stay out of malls and clubs while working 2 or 3 jobs.  

If I did that on the property I’m currently in escrow for I would’ve purchased a house with major structural problems that would’ve decimated my numbers.

Because Score Factor Code #22 is the ONLY category into which any of these derogs may fall, it's completely true that, once one's credit score has been decimated, there's no incentive for the consumer to NOT file Chapter 7 and/or walk away from their upside down property and scrape the whole damn mess into the dumpster.There are three conduits, if you will, for dealing with a consumer: bankruptcy laws, FICO scoring models and lenders' underwriting decisions as dictated by Fannie/Freddie.

The US economy is being decimated by COVID-19, I am on board to help my tenants but hope that the government realizes that being a landlord does not equate to unlimited cash to pay my mortgage and keep up with maintenance on the building.  

I bought in a good neighborhood that was decimated by the crash.

Senior housing will take a hit, as if COVID gets into one of these places, the economic decimation will be difficult to overcome. 

a decrease of a decimal of the interest rate percent ?