4 ms·
One of the rules of thumb for rental property sale price is monthly rent * 120 (10 years). So given $2180 per month, you have a per-unit valuation of $261,600
by patrickg_zill 8y ago
One of the rules of thumb for rental property sale price is monthly rent * 120 (10 years).
So given $2180 per month, you have a per-unit valuation of $261,600 . Somehow that seems "out of whack"...
- xvector 8y ago260K sounds reasonable for apartments of that size in CA.
- closeparen 8y agoNot while real estate is appreciating dramatically. A unit would be worth several times that. Play with the NYT rent/buy calculator for the Bay Area’s recent numbers.