ROR for property that is 100% financed.

[Morgan Smith]

Hey, I think i'm losing my mind with this and i'm sure it's a simple answer, but what do you guys use for your ROR for properties that are 100% financed with a HELOC?

Here's my usual deal:

35k purchase
800 a month rent
50% rule - 400 for expenses
350 for HELOC loan (90 going to interest rest going to principal) - 7 year am :(

I'm getting 7% ROR off of the financed amt, but I didn't put any money into it.