@Olu EfunwoyeCap rate is just one metric to compare a property and determine value.

I kinda like it since we have higher property values, there is "something to work with" when looking for profit. 

The others were bid pretty close to market value (not much value add).

If I apply the 1% rule, the current rental value is below by about $500, however, cap rate is calculated at 6% and CoC at 3%.

Or more, if I can bring worthwhile value to your goals.

How is the market currently in Plano and what is potential upside in the next few years in terms of property value?

@Kevin Vasquez what you are being offered is close to par on what you can expect for a low value refinance.

If the property is listed at below market value I would ensure the property condition is up to par.

However, real estate values (on a national average) have never gone down over a 10-year period. https://fred.stlouisfed.org/series/MSPUSHere is what I do:I live in San Diego, a high-appreciating market with a lot going for it economically and very little cash flow.

If you’d like to connect to speak more on the value of working with an investor agent, you are more than welcome to reach out at anytime!