Berlin has firmly established itself as one of the most popular destinations in Europe for international tourists11.Berlin Real Estate DevelopmentRegardless or of tourism, the main driver is the solid employment market and healthy local economy.

This discussion, even if I'm wrong, is of good benefit for anyone looking at investments to realize all sides of analyzing a property and to rely on their own analysis for their goals.Since you are going through the effort of performing a discounted cash flow analysis out X-periods/years and are a long term buy& hold guy, why not ditch the affliction of CAP -  even the lure of trying to calculate a stabilized CAP over a vector of inputs -  and look at an internal rate of return {M}IRR or FMMR (pict your preference).

Some unusual circumstances (that at least included the positives of international living) equal: a spouse who's only been finding employment overseas and a contract that ends in 2 years with no idea of what's next, no career for me, kids growing up (one in Germany, one still in high school) at the same time my dad has moved in and needs some caregiving, no retirement to speak of for DH and myself, but dad's generosity has provided us with a now-paid-off SFR via no-interest personal loan payable if at some point dad has to move out and go into assisted living.  

.- If the school has an international program, short term - higher rate rentals are plausible.  

@Carol Venolia  I know my point is this is a national or international forum and I don't think many people other than those directly affected understood the magnitude of loss and destruction to a community... it wiped out  whole towns..

My suggestion is to join a REI association like VastgoedBelang in the Netherlands or FIABCI in case you deal internationally.

Don't buy into internalized misogyny.

A proforma is a spreadsheet you build for your internal use to ensure the property is economically viable as an investment property.

Your tip is great to know for BP, because I have to use Google when working with manufacturer’s knowledge center database because their internal search function is terrible.

Pretty much every area now uses the IBC or international building code.