They may be divided into the following two main classifications:Utility Value, which is value directed toward a particular use.

Add up your adjustments, divide by 0.5, multiply by 0.125.Lenders are allowed to have extra hits, for example small loan amount is frequently a hit, as is 5+ mortgages.

Then amortize that expense over the life until replacement, and divide that up into a monthly cost + 10% for cushion and inflation.

I was surprised to see that the average return was only 9%, but then I realized they are taking gross annual rents divided by the median purchase price.

NZ is divided to Auckland NZ and the rest of the country. 

A comps report doesn't always tell the full story.100% agreedI've never been a fan of appraisers and their criteria."1mile radius" my A$$I remember while living in KC where 200 feet divided ghetto and solid A class owner occupied.Thanks

Then I take that number and break it down by our ownership ratio 50/25/25 and distribute that amount (either once at the beginning of the year or divided by 12 and each month for the next year depending on what we decide at our annual meeting).

You find the Rent-to-Value Ratio by taking the monthly rent dividing by the purchase price.

So take 80% of the bill and just divide that out in a prescribed manner, such as each bathroom and kitchen counts as one unit, so if the building has 8 total wetrooms, then a one bath unit would pay 20% of the bill, one for the bathroom and one for the kitchen, etc... the reserve 20% stays paid by you for commons area costs, such as landscape sprinklers, etc...

However, this made more work for myself as I had to get all the bills, divide them up, get the extra money from them, etc....