Updated over 5 years ago on . Most recent reply
Determining Value of Triplex
This would be my first rental property that I would look to househack. I figure the best way to determine would be using the cap method... but I'm not sure
Here's the rundown: Each unit would rent for somewhere between 950-1100 a month (after renovation). Making the NOI about 24k (rough estimate, and correct me if I'm wrong). There are a couple duplexes in the area, and 3BR 2BA newly renovated homes are selling 250-300k. Homes the same size that aren't renovated going for between 160-190k, with a handful in-between. I feel the ARV would be over 300k in this case, but if I use a cap rate of 10%, would put a value at 240k, which would make this deal a no-go.
Any advise would be helpful. Time is of the essence.
Thank you!



