The APOD is the form to use, when you are analyzing a multiple unit or commercial property. Using this form, you can 1) anticipate the actual expenses that will normally be incurred in rental property management, 2) determine the cash flow, whether positive or negative, and 3) from the cash flow, determine the value of the property (using either a) a "capitalization rate" or "cap rate" and/or b) a "Gross Rent Multiplier" or "GRM" formula.
(To determine the Cap Rate, use the "IRV Formula" described on the page listed below this one in the Navigation Bar to the Right.)
Here is what the form looks like:
The FAX version (see "exe", below) and a PDF version are available below . Or, if you have a current version of MS Excel, you can download the EXCEL ("xls") version which has formulas and automatic calculations built into it.
DOUBLE CLICK on the version of the form desired, below.
