Reply To: figuring out value

Avatar of HecmirHecmir

Yea man, no problem.

I’m happy I reread this post; Tom said “The difference would be probably a few months rent since it will take a months to rent it.”

What I got from that is if;

The future projected rent is $7,500 per month for 4,500 sf @ $20/sf

& the purchase price is $510,000

I’d subtract 3 months of rent to make it a safer purchase e.g.:

$510,000 – (3 x $7,500) = $487,500

New PP = $487,500

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