Will Dean
Pricing out properties
7 September 2019 | 2 replies
Based on the range of these GRMs, choose a number that seems most appropriate (some appraisers will simply average them all together - others will just choose a number) ... take the GRM value you've decided to use and multiply it by the monthly rent you expect for the duplex you are pricing out - this will give you your "income approach" value.Now, you look at the two values you've just generated and use your best judgement as to which is most accurate - or it might be a blend of both.To give you a real-world example of this, some clients of mine just closed on a duplex in Raleigh ... the appraisal came back with $468k for the sales comp approach - $594k for the income approach - and $480,200 for the replacement cost approach ... the appraiser selected $468k as the market value.Hope I made this clear enough for people to follow and understand...
Marco Pangilinan
Multi-Family Appraisal Question
15 May 2020 | 2 replies
The multiplier is usually derived from the sales comps that were analyzed.
Dona Cardenas
Evaluating rehab costs
17 April 2020 | 6 replies
@Dona Cardenas To estimate the rehab cost, multiply the square footage of the property by the rehab cost per square foot.
Erinne Leigh hart
New to rental investing , need advice
27 November 2016 | 3 replies
3. multiply the rent by 504. if the all-in cost (PITI+vacancy+maintenance+management+incidentals) is about the same price, you likely have a good cash flow property.5. sales 101: every profit is a good profit. maybe it's only one cent, if so, do thousands more.
Ryan VandeVelde
Property Analysis Advice
11 May 2016 | 6 replies
When you are doing that rough calculation multiplying monthly rent x 60 to get max price you will pay (including any rehab costs).
Donna S.
What should I offer for 3/1.5 SFR?
12 February 2010 | 11 replies
I basically took the $82K figure and multiplied it by .65 (which accounts for a 5% ARV fee for you) and I subtracted $15K for repairs.
Peter Parisey
FHA 3.5% down owner occupy not available anymore??
27 February 2016 | 10 replies
The rental income specified on the lease, multiplied by 75%, is to be greater than the PITI on your departing residence.
Al Phillips
Buying a property management company
20 November 2023 | 19 replies
Some valuations are done as a multiplier.
David Smith
No financials for B&B = Skip or Buy?
2 March 2022 | 9 replies
I multiply that number by $200.
Kelly Skeval
First MHP purchase, need help with valuation
8 March 2015 | 6 replies
Kelly,I do not understand why you are multiplying the lot rent by 70.