Formula for evaluating a buy and hold property

[Bruce M.]

Good morning all. I need a little help as I'm trying to crunch numbers on different properties and arrive at a number that that I should offer using the 2% rule......well kind of. I hope I explain this right. I know what the 2% and the 1% rule is. My question is, if armed with only the rent info and the repairs, is there a way to come up with the max amount you should pay for a particular property? In essence I'm trying to somehow develop a formula that does the 2% rule backwards. For example if a house is 68000 and requires 40000 work, I'm all in 108,000......under the 2% rule I'd need $2160/month in rent. Now is there any figure i could use that if I have the 2160/month figure and I know that a place needs 40000 work that I arrive at a MAO? Please tell me if this is even possible. I hope this question is clear.