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Wilco Ravestijn's profile image
Wilco Ravestijn's profile image
Wilco Ravestijn
  • Specialist
  • from Dallas Fort Worth, TX
  • Member since Jan 12, 2015

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21
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10
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Wilco Ravestijn's profile image
Wilco Ravestijn's profile image
Wilco Ravestijn
  • Specialist
  • from Dallas Fort Worth, TX
  • Member since Jan 12, 2015
Wilco Ravestijn
  • Specialist
  • Dallas Fort Worth, TX
10
Votes |
21
Posts
Real Estate Deal Analysis & Advice

Home Value based on area rent and Owner finance

Wilco Ravestijn
  • Specialist
  • Dallas Fort Worth, TX
Posted

How do you establish home value based on area rents instead of using a CMA?

The home will be offered as owner finance so no bank qualification needed which is of greater value to a purchaser especially those that can't qualify for a bank loan. Rent in area is $1200. The note Principle and interest will be $1250/month NOT including insurance and taxes. 

I've seen this formula,  annual area average rent * 15. Is this correct?

Thank you in advance.

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