Newbie Investor (kinda), grade my deals!

[J.V. Paul]

Hello All,

I am new to BP. Thank you for providing such an awesome community and forum for those of us just getting our start. I have a somewhat unique story to share. I started RE in mid 2014. In the course of 1 year I bought 5 SFRs ( was on a roll). Then a family emergency derailed me in 2015. I am just getting back into RE. I've realized that though I had a swift start into RE, I never really had a good sense of how my investments were performing or how to gauge/calculate their performance. I was just focused on making sure I could attain positive monthly cash flow. If you could please give me your feedback on how a few of my investments stack up from beyond a cash flow perspective, I would greatly appreciate it. It will give me much insight on how to proceed in my market.

Thank you in advance!

*All properties are in Michigan*

Property #1

Purchased for 140k with 25% down (35k).

Required 10k in rehab. 

Prop Taxes $3408

Assoc Dues/yr $900

Insurance $643

Monthly mortgage with tax and insurance, HOA is $1043. I rent the home for $1700, yielding a net monthly cash flow of $582 (or $6984 yearly net income)

Property #2

Purchased for 160k with 25% down (40K).

Required about 2k in rehab

Prop Taxes $2967

Assoc Dues/yr $900

Insurance $732

Monthly mortgage with tax and insurance, HOA is $936. I rent the home for $1875, yielding a net monthly cash flow of $864 (or $10368 yearly net income)

Property #3 (attached condo)

Purchased for 65k with 30% down (19.5k)

Required about 8k in rehab

Property Taxes $959.67

Assoc Dues $1440

Insurace $564

Monthly mortgage with tax and insurance HOA is $586. I rent the home for $1075, yielding a net monthly cash flow of $489 (or $5868 yearly net income)

If you could please leave me your thoughts on how these investments stack up and also point me in the direction of a reliable and easy-to-digest method for calculation ROI/rate of return, I would greatly appreciate it.