One of the rules of thumb for rental property sale price is monthly rent \* 120 ... | Hacker News

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		patrickg_zill on Aug 11, 2018 \| parent \| context \| favorite \| on: Prefab housing complex for UC Berkeley students go... 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"...

closeparen on Aug 12, 2018 | [–]

Not 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.

xvector on Aug 12, 2018 | [–]

260K sounds reasonable for apartments of that size in CA.

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