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In My Neighborhood in Southern Terrace : Real Estate Advice

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Mon May 6, 2013
Larry Hatzfeld answered:
Hi,
I use a rule of thumb that the gross rent should be 1%. So a duplex that is renting for $1500.00 a month should be $150,000. Of course deferred maintainence or very good condition could alter this one way or the other. ... more
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Thu Apr 12, 2012
Greg Hodge answered:
Unless you are going to live in one side, you need to be asking about the rents. A capitalization of about 10% should guide you to what it is worth once you know the rents.

Let's say you get $700/month each side. Multiple by 12 months to get your annual and then divide by 10%. I show a list of about $168,000 would be fair market as an investment. If you can grab it for less then congrats! You win!

Cheers to investing in Real Estate!

Greg
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