Trulia Voices Real Estate Q&A in Denton

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Syed
Just Looking
Hurst

How can I assess the renatl value of my investment property in Denton. It is a 4 2 1 with a spare room and no

Fri May 23 2008, 10:11 - Denton - Market Conditions - 3 answers

garage. Renovated in 2007 and 2 miles from Women's University.

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Answers (3)

FIRST: Mark Chovan

Bruce Lynn
Real Estate Pro
Coppell

Fri May 23 2008, 12:05

You could also do the reverse. Many of my investors look at about 10x rent for value. So if your rent is $1200/month, then home might be worth $120,000 or less. This doesn't always hold true and can depend on age, condition, renters etc, but is a quick method.

Bruce

Web Reference: http://www.teamlynn.com

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Lynn911.com Dal…
Real Estate Pro
Dallas

Fri May 23 2008, 10:19

I would need additional info. happy to foward the comp's to your attention

Contact my office
972-699-9111
911@lynn911.com
http://www.lynn911.com

Web Reference: http://www.lynn911.com

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Mark Chovan
Real Estate Pro
Frisco

Fri May 23 2008, 10:18

FIRST ANSWER

Home many square feet is the home? You can look on MLS, news paper etc for other rental properties in the same area. I use the average square foot, and multiply by your footage.
Example: 2000 square feet X .65 cents = $1300 per month.

Web Reference: http://www.bigdrelo.com

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