Pricing a turnkey property in Michigan

[Bryan H.]

I'm contemplating selling a SFH I have in Michigan and using the money to put down on larger/additional properties. I have checked out a few of the turnkey providers that post on here and see CAP rates listed between 8-14% for a property depending on the area.

Can anyone suggest an appropriate CAP rate for SE Michigan? I'm interested in how I would price mine for sale.

Thanks

[Joe Delia]

The real way is for a realtor to pull other comps where investors are selling like properties that are rented for roughly the same amount.

Selling on return won't work locally, sure you may get an out of state buyer.