Fair Market Rental Evaluation Formula

NOTICE: This is not an "official" Fair Market Rental Value of a house.
This is a good estimate of the Fair Market Rental Evaluation of a house.

An Official Appraisial should be obtained if available, this estimate is just a good estimated evaluation.

House, land, and out buildings at current location appraised at $100,000.00

1 and 1/2 % ( .015 )of the appraised Value of the House equals Monthly "Fair Market Rental Evaluation"

1% of the appraised Value of the House for the House, land, and out buildings, as is.

1/2% of the appraised Value of the House for furnishings, utilites, upkeep & etc


Example:

$100,000.00 = appraised value of a house

$   1,000.00 = 1 % of 100,000

$     500.00 = 1/2 % of 100,000


This example is a reasonable estimate of the Monthly Fair Market Rental Evaluation of a House

Conclusion:

$1,000.00 1% of appraised value of the House unfurnished
$   500.00 1/2% of appraised value of the House
$1,500.00 total estimated Monthly Fair Market Rental Evaluation of the House

NOTICE: This is not an "official" Fair Market Rental Value of a house.
This is a good estimate of the Fair Market Rental Evaluation of a house.

An Official Appraisial should be obtained if available, this estimate is just a good estimated evaluation.