Property Evaluation Techniques
What are some of the techniques you guys use to determine the value and/or monthly rent of a property ?
For example: I use the "Five Step Property Evaluation" technique from the book "The ABC's of Real Estate Investing" forword by Robert Kiyosaki & writen by Ken McElroy.
1. Verify property income
2. Verify expenses.
3. Determin net operating income (NOI).
4. Find the capitaliztion rate and valuation.
5. Calculate the loan payment and you profit or cash on cash.
Do you guys have any other quick way to determine the value of a property and/or monthly rent ?