This tool is useful for approximating the value of a rental property, based on the income and what you want for a Cap Rate and Gross Rent Multiplier. This can be used when determining a starting value when making an offer, or to compare a listing price on a property.

Cap Rate uses the 50% rule to estimate Net Operating Income.

Average Calculated Value is the average of the other three values.

Income Details:
Number of Units:
Avg Rent Per Unit (month):
Other Income:

Desired Cap Rate:
 
Property Value Based On Cap Rate:
Property Value Based On 2% Rule:
Average Calculated Value: