Sitting home this past month, which I’m not used to, I’ve been searching investment houses near by.

So that cash out of pocket is actually a little high but I didn't factor that in for my quick spreadsheet.A stabilized comparable one bedroom apartment in my area STARTS at 510 for a 1 bedroom at the one lowest end complex nearby and is 550-575 at all other complexes. 625-700 for cleaner complexes that are nicer than this property currently sits, but same location.

Is there a nearby military base (which I don't like at all)?

I'm right down the street in Lincoln Square so if you need any help or want to grab coffee, shoot me a PM.

I’m always up to meet for a cup of coffee or lunch to talk about this exciting business.

It was so tempting with it being nearby and in a very good area.

If I had a handyman nearby, I would use them for the open-the-door strategy.

Coffee is on us!

I know 4 units and below are considered residential property so nearby comps usually determine the value but some still say the NOI divided by the Cap Rate = Property Value.

You could, however, use the sale of nearby and similar duplexes, triplexes, and fourplexes.