If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Subtract all expenses, but not including funding payments. The tough part getting accurate income figures. Net income before debt-service, divided by the “cap rate:” It really is a simple formula. Used wisely, though, realestate appraisal using capitalization rates is one of the most accurate methods. If the common capitalization rate is .10, for example (ask a realestate agent), divide the income of $52,000 by .10, and you get [...]
Miami Fl Real Estate Listings

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