For my quick look, I tend to use Gross Rent Multiplier.

I have read that some will use a multiplier of .60 to .70 depending on the neighborhood they are trying to invest in.

Forecast your costs (lawyer, missed rent, rehab to make house rent ready) , multiply it by 2 and then ask it for a discount.If you have a motivated seller, you are in great shape!

Take the assessed value of the improvements, divided by the total of land and improvements, then multiply by your purchase price.

You can make adjustments to the house in question by dividing the above prices by 1400 and then multiplying by the number of square feet in your subject house.

However, many investors, including those fantastic geeks that run this forum (Brandon), like to buy using multipliers, such as the 2% rule.

After honing your skills as a nose-to-nose salesperson, learn how to multiply your sales efforts and clone yourself by becoming a skilled marketer and effective copywriter.Eventually, you are likely to discover a niche that you want to further explore and gain expertise.

My rule of thumb for what's a good deal is this: take the monthly total rents and multiply by 60.

In other words, you can determine the maximum purchase price by dividing the monthly gross rents by .02 (or multiply the monthly gross rents by 50).

So a savy Bigger Pockets investor would evaluate this property by multiplying the $3300 rent by 50 and come up with a maximum property value of $165,000.