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Hello, and thank you so much for your time helping me!
I am analyzing properties and their sales prices. I have three columns. One is called "Property Type" the second is called "Property SubType" and the third is called "ClosePrice".
I am trying to get the median of the "ClosePrice" for "Property Type" called "Single-Family" and the median of the "ClosePrice" for "Property Type" called "Rental" for a property subtype of single family.
For example: Area 10 on the real estate map has a median close price for single family homes of $225,000. The median close price for rentals which are single-family type is $2,100. Likewise, I would do the same for townhouses or condos or apartments, etc.
After that, I want a column that multiplies the median of rentals by 12 and call it "Rent Revenue".
Then I wish to have a column that divides the rent revenue by the median close price for single family called "Cap Rate".
For example: Area 10 on the real estate map has a median close price for single family homes of $225,000. The median close price for rentals which are single-family type is $2,100. The area's cap rate is 11.2%.
Can I use filters to change from one type of property to another and see the visualized results or is it set as a measure in stone? Thanks again!
@Anonymous
I think there are a bit too much information for us to picture, if you can provide your sample pbix without sensitive numbers would be best.
Paul
Hi @Anonymous
Can you provide a data sample?
Many Thanks
Mariusz
Thanks Mariusz for the help. Sure, here is a sample:
Subdivision:
Tanglewood
River Oaks
Montrose
Address
123 Main St.
234 Alpha St.
567 Beta St.
678 Golf St.
910 Fox St.
Property Type:
Lots
Single family
Townhouse/Condo
Rental
Property SubType:
Single Family Detached
Townhouse Condominium
Mid-Rise Condominium
Closed Price:
$225,000
$245,000
$280,000
$1,875
$1,950
$2,150
From this set I should be able to say "In Tanglewood, the single family detached properties have a median sales price of XYZ dollars and a median rent price of ABC dollars. There is a CAP rate of X% for this area because ABC dollars x 12 months = $Annual Rent. $Annual Rent divided by XYZ dollars = X%. Is that sample set above shown right for you?