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You can email me at firstname.lastname@example.org if you would like to discuss listing the property on the market. I have a lot of investors client looking for rental investments, I might even able to get it sold prior it hits the market.
Normally real estate is valued at it's highest and best value. I suppose in the absence of sale data, that becomes ROI.
Never seen it done, but suppose another approach would be to look at sales outside the immediate area with similar incomes - this is a lot like the first approach, though and requires knowing what the units that sold are renting for.
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Lynn911 Dallas Realtor & Consultant
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http://www.lynn911.com 100's of Dallas homes listed for sale or lease
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