Units: 23Building Size: 16,333 SFPrice/Unit: $130,000Property Type: MultifamilyProperty Sub-type: Garden/Low-RiseProperty Use Type: InvestmentCap Rate: 5.15%Gross Rent Multiplier: 11.80No.

What I usually do is take the most recent 3-5 properties and do an average price per square foot and then your subject property multiply the square footage by your average price per square foot - this should get you close to a comp price.  

I like a gross rent multiplier (GRM) of 8 or less.

RE Taxes have local area multipliers that are applied to the assessed value to determine the annual re tax.

Multiply that by 3% basically gives me a discount of $3500 on the house.  

Then you need to use the 2016 tax millage rates to multiply out the valuations.This will give you the tax amounts.

Now, if we multiply this by 10..... we get the Manhattan to Brooklyn scenario in real terms.Here is the exact statement above multiplied by 10:I fully believe that couples who own a $10 Million apt in an expensive neighborhood would move to a $1.75 Million home that's only 30 minutes away.

Using just a percentage of UPB does not provide much otherwise.A rough rule-of-thumb is to multiply the monthly P&I payment *12 then divide by the desired return.

I agree with you it would be not just for one property but rather 1k per unit multiplied by several units. appreciate your comment and suggestion. best d 

My rule of thumb is to count the number of bedrooms in a house and multiply it by $200, that's how much I charge a week.