When you enter the address of a property along with the number of bedrooms and baths, Rentometer (and others) calculates the rent by multiplying the average area price per square foot by the subject property's square footage.

The Gross Rent Multiplier is around 9.5.Is this a good deal?

Thanks,Frank@Frank Wei The way that I do proformas for my CRE developer clients is the following:Gross Rent x (1 - Vacancy Rate) = Effective Gross Rent (EGR)Then take the EGR and multiply it by 30%-40% to calculate your monthly operating expenses.Then subtract the OpExp from the EGR to come up with your Net Operating Income (NOI).

Hi Kenny,I can help you 1031 that into a better investment: 452 unit complex, 25%targeted IRR and a 5X targeted equity multiplier. 

Multiply the result by 100 to express it as a percentage. 

To figure out what an investor would pay, take that and the advice of the other commenters here and multiply by .7-.8 and subtract repairs in the case of rehab, but for a lot for a developer you're looking more at .15-.25 of construction value.If you're able to get a hard-money loan, that would be a great option since you can already afford the property, it's likely you'd be accepted.

For investors, it’s a chance to multiply income streams, especially in high-demand neighborhoods, without dealing with the cost or complexity of lot subdivision.

HR, legal, operations, finance—everything multiplies, and without the right infrastructure, it can become overwhelming fast.Higher Financial Risk Growth isn’t free.

So yes, wages DO look to be a lot closer to on PAR with USA's than some big savings multiplier.

However, with information to sellers so readily available these days, it would be an unusual situation indeed for a property with no issues to be offered at so a low gross income multiplier.