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Value W/no Comps

shakenbake profile photo
  • Friday, November 16, 2007 @ 01:24 PM EST
  • 4 Comments
Does any one have a formula on running the value on a 9 unit apartments when there is no comps

I have the current net income and projected.
What will the lenders look at current or projected?

thanks
  • (4) Comments
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  • cjmazur
    cjmazur16th November, 2007
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    if there is not a 9-plex, look at what other multi-units are going for on a per unit basis.

    Also look at the market cap rate and cap out the value.

  • shakenbake
    shakenbake16th November, 2007
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    Reply

    The market cap rate is 7 to 8
    How do i cap out the value.
    thanks

  • rmdane2000
    rmdane200016th November, 2007
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    Reply

    NOI/Cap Rate = Value

  • shakenbake
    shakenbake16th November, 2007
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    Reply

    thanks you
    Very helpful

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