Talk to local agents to see what they think the value would be post construction and what the rental value / estimates would be If you get answers that make sense to you to proceed from the above then keep unpealing the onion of development and keep performing the next due diligence steps towards making this project a reality! 

However, since you are happy at home, you could also look for a value-add SFH or small MF (1-4) units.

Refinanced the $185k balance in 2023 How did you add value to the deal?

How did you add value to the deal?

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Keep in mind KBKG calculator is only for SFR with a value under 500K, so we are not talking expensive SFR, nor MF or other types.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

How did you add value to the deal?

@Muthu Subramaniam, the larger the number of units the easier it is to budget for and weather the ups and downs of property maintenance costs.A warranty will cost SUBSTANTIALLY more in the long run than the value you get from it.

I wouldn't trust the value provided for either, I use propstream for a multitude of things, but I always run my own comps.