Then that gets multiplied by the size difference to adjust the comps to match the subject.You have to be VERY careful with anything unusual. 

Account Closed Ok let me give you an example to show how leverage can multiply your returns significantly  If you have properties that cash flow well.

Do you guys think it would be a good idea to dump 100k into 1 property to be free and clear that way you can maximize your CASH FLOW or leverage the 100k and spread it around through multiply properties ?

Basic Frank and Dave rule of valuation is take the lot rent rent, multiply by number of lots, then apply a 30% or 40% expense ration ( 30 % if tenants pay utilities, 40% if park pays for it) .

If you keep track of your mileage driven for the rental then multiply that by the business mileage rate (2016 0.545 cents per mile) to get your total automobile expense related to the rental.

If you don't know the cap rate, can you do a back of the napkin calculation by adding total rent, back out 10% for vacancy, then subtract 50% for expenses and take the net number and multiply by 10 to get a benchmark on price to offer?

Brian, you need to multiply the $314 x 12 to get an annualized amount.  

___ If anyone takes the time to figure that out and multiply that time by what your time is worth, i think you will see that the fees that a PM charges are well worth it.

So do what Sarah said, take the purchase price at multiply it by 1.15%.

So whatever you think the value is (130k or more), multiply it by one of those percentages above.