The only opinion I could give was a valuation for a specific purpose and that as a market value in the current market as of a certain date.Really, not to cut off, but I'm having some real computer issues it's taking forever to type and even longer to post....I'm shutting down to see what the problem is, so I'm not ignoring you.

Then I show the person how all of these numbers are different and sometimes there is a $50,000 spread between the highest and lowest depending on the property.Then I explain to them that no computer system in the world can accurately price a property.

My partner is a wiz as computers and creativity so she took on the marketing part.

karen ;Thanks for your reply Will be looking for their replys No one to blame but myself for NOT getting Computer Educated Almost Embarassed to when I have to ask my 12 year old Grand-Daughter to do something on the computer for me .!

In my own home, I have the closet in the main bedroom and my fiance uses the closet in the computer room

I hate having to fire up the old desktop every time I want to add a link to one of my replies. 

Most commercial loans are run through a computer model, but if a banker likes your deal, and likes the design, they can help you out in subtle ways before the numbers are put into the model.

:-p Ultimately I look at ROI/cash-on-cash returns, but that depends on how the financing is structured, whereas cap rate lets me compare just the factors of the properties themselves.As far as your computation, to compare apples to apples it should be consistent with what other investors standardly do, so needs:8% vacancy loss rate, computed from your gross income6-8% management fee, computed from gross (since like me you self manage, consider this a salary you pay to yourself for your time managing it and separate it from the property #s)Rental license fees (if Wilmington requires this, ours are $50/unit/yr)Trash removal (again if Wilmington charges)Snow removalLandscaping (cutting grass or bushes if you have any)Insurance: Are you really only paying $750?

Started back before calculators and computers to calculate out loan payments and it made for easier computations than 365.

Karen Wang - to prove the paychecks aren't fakes printed on their computer e.g.