rentals: Want to sell or own a rental property? Check the value with the "10X Gross Multiplier" - 04/03/12 12:06 AM
A simple method is used to determine the value of rental income property for both types of buyer, investor buyer or primary residence buyer, the "10X Gross Multiplier." A Comparable Market Analysis (CMA) is also used to evaluate the property and to find the average sold price per square foot. 

The above property has been a successful rental, so a multiplier of 10X gross yearly rent will help determine current value. I include this information along with my sold comparables to see if the two numbers are similar. *Please note: 10x gross may be an optimistic number in some regions with severely depressed home values.
Here is an example of … (2 comments)

 
Barbara Le Pine, S & W Real Estate, Newport OR (S & W Real Estate, serving Lincoln County) Rainmaker large

Barbara Le Pine

S & W Real Estate, Newport OR

Newport, OR

More about me…

S & W Real Estate, serving Lincoln County

Address: 2466 N. Coast Hwy., Newport, OR, 97365

Mobile: (541) 270-6758

Office: (541) 265-2251

Email Me

A mix of thoughts and ideas from a full time Real Estate Broker who lives in and works in the entire Lincoln County Area, serving Lincoln City, Otis, Gleneden Beach, Depoe Bay, Otter Rock, Beverly Beach, Agate Beach, Newport, Yaquina Bay, Toledo, South Beach, Seal Rock, Waldport, Alsea, Tidewater, and Yachats.



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find OR real estate agents and Newport real estate on ActiveRain.