Question about the appraised value of larger multi-family properties...Is the appraised value based on the NOI of the current rent (or appraiser's estimate of rent)?  If so, how would an appraiser get all data (expens...

I have been researching recent sales in the Baltimore area for Multi unit apartments from 20-200 units and it seems the per unit pricing is to really high compared to the rent. With properties built in the 1960-1970 t...

I am new to real estate investment. After reading some related books and podcasts, I want to give it a try. Like many newbies, I am wondering how to perform a throughout analysis of a property which can be qualified a...

Hi BP community!I am getting ready to, hopefully), buy my first commercial sized apartment building this year. In preparation, I will be practicing my underwriting skills on a closed multi deal in my target area every...

I am refinancing a 4-plex, in a small town, right outside of the San Francisco, Bay Area. The nearest comparable is within 3 miles but it last sold in 2018. The next closest comparable is 8 miles away and in a very di...

I've done a rental analysis on a potential rental property where I'd be charging $4200/month and the monthly expenses have come to $3635(Mortgage, tax, insurance, vacancy, cap ex, maintenance, Manage, HOA). The report...

I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense. 
Example: 
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...

I spend a lot of time analyzing numbers on my properties, and I typically compare all my expenses as a % against total income for each property. So for round numbers, if I had 30k in income on a duplex, and I spen...

Hey all,

Can anyone provide some insight on how an income based appraisal works vs. a traditional appraisal?

My lender will allow me to do either one.

Hi -- Can someone please explain how I'd be able to figure out a cap rate on a calculator as if I were a 5 year old?I've seen several other investors try to explain this and it still looks like Chinese to me (and I do...