Value W/no Comps
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
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.
The market cap rate is 7 to 8
How do i cap out the value.
thanks
NOI/Cap Rate = Value
thanks you
Very helpful