Measuring rate of return

[Bryan Cress]

Hey everyone! I have partnered with an experienced investor who said his measure of a good property is a 5 year return. By this he means: the rent collected over 60 months must be greater than the purchase price and initial renovation cost.

Essentially, it's a 20% return. My question is, what rate of return is the equivalent to this as represented in the BP rental calculator? I believe it would be most closely related to the IRR but I'm not positive.

Thanks!