rental value – $1800/mo

[4plexowner]

rental value –

$1800/mo rent x 12 mo = $21,600/year

GRM of 10 => house worth $216,000

GRM of 12 => house worth $259,200

GRM at $445K => 20

IMO this house and others like it in Clairemont/BayHo/Bay Park will be selling for $275-325K before the market bottoms in 2011 / 2012