A "cap rate" is a number(%) calculated for a property based on a variety of things that are actual(like current NOI) and also based on things that are projected(property value/current trends for a given area), the purpose of the "cap rate" is to show what the seller is anticipating the return to be, with as much of an educated guess as possible. 

Not to resurrect old threads, but this one popped up while I was searching this morning to prove to a guy I've hired recently to help with a backlog of several homes I need to get finished why he MUST use a layer of thinset BAG mortar under the backer board I have him installing on the floor of a bathroom we will be tiling TOGETHER, since he's not a full time tile pro and I not only love using ceramic or porcelain tile for bathrooms (or natural stone for my higher end projects) but I'm also picky as hell about the finished product and from what I've seen, other than the full time tile pros, 90% of installs done by either someone who's hired or DIY are done either poorly or just flat out wrong.There is a GREAT resource on the net though, honestly as good as Biggerpockets is for a wide variety of real estate related questions, this site "The John Bridge Tile Forum" is for ANY sort of tiling related questions.

There seems to be plenty of inventory of that variety these days and I also believe we will see more built in the future in suburban areas as boomers retire and young professionals want to be closer to the actual town centers.

Inspection failure can be due to a wide variety of even small things (a pulled thread in a carpet is suddenly a "tripping hazard" for example). 

@Tammy Coady   @Spenser Murphythere are extra financing charges added into properties for a variety of reasons.  

I generally quiz investors to understand their capabilities, skills, goals, etc, and often recommend they consider a variety of real estate investments that may be more suitable for them.

Detroit is a huge variety.

For obvious reasons I want to keep the appraised value is highest possible and therefore need to show the high sales price.The homes I'm settling in Utah are a much different variety.

They had a big variety at the medical stores.

With the variety of responses, you may still be in a quandry.