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unless you're going to live in it, rental property value is based strictly on ROI, throw emotion to the wind.
there are many factors to consider, such as:
1. location
2. any rent control ordinance now or proposed
3. neighborhood change factors---is neighborhood improving or declining---who's moving into neighborhood, is city population stable, increasing, or decreasing.
4. your current tax situation
5. what maintenance is required now to getting ready for rent-up
6. quality of financing
7. true rental or lease value to compute gross multiplier, and comps (you need true data on comparable sales in the vicinity---which can be found in MLS)
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