Solve For The Price

The appraisal, run backwards. Name the return you need — a cap rate, a cash-on-cash, a ten-year IRR — and it works back from the rent roll to the highest price that still hits it, then says how far that is from the ask. Same engine as the Investor Projection: real county taxes that reset at your price, age-tiered insurance, the shared vacancy and management knobs. Only the purchase price moves.