This is the closest to a comparable I can find.

Compared to the $5.4 million purchase price, that's a cap rate of 10.7%, which is high, but not impossible.

And while your looking - be honest with yourself.Make sure you look at any photos - read descritpions of any renovations that have been done and make sure your honest as to how it compares with your home.If you do use CL then be sure to drive by to see the hood and how it compares to where your home is located.

As stated by the other individuals.....You have to value the property compared to what people are buying, not what they "Could be buying" which it seems atleast part like what you're doing.If 6/8 sold homes in a area are foreclosures, then that area is REO dominant, which means declining sales prices, and if you open up your search range, you fall into the trap of looking at other areas with higher/different values.If the properties wer $57/sf then that's what they are worth.

comparable for what I've managed long term in stocks, though below what money managers will tell you stocks should make.

Your own analysis from going to open houses, and seeing what homes in the area sold for that are comparable.3.

., a comparable price to other properties in the area, you're probably paying too much for it to be a profitable investment.

Next, look at the comparables of complexes near yours.

I don't want to sound harsh here but many people underestimate how hard water sports really are.

Always be evaluating your “orders due†compared to the new orders you’re planning on excepting. 5.