Home › Forums › Housing › 56 / condos › I figure it’s worth
I figure it’s worth $95,760.
Yeah that’s right.
It’s a cap multiplier of 8 with a 95% occupancy. It’s a condo so the HOA fees disrupt the value. If it wasn’t, a cap multiplier of 13 could be used.
Alternatively, I get a value of $127,000 by aligning the $1050 rent against the cost of the PITI & HOA.