Thanks so much for both of your thoughts! For context, this place and the other calc I posted in another thread are in a very desirable, residential area next to an Ivy league school and all the grad school- the tenants (I was one a few years ago) are very high quality, its largely grad school/professor/staff rentals, and the home values historically have been largely immune to changes in the housing market- and probably as such, they've gotten really expensive. So I do look at it as a long term opportunity, it's just not totally clear what new gross rentals the value-add renovations will bring (which I classified as repairs in the calculator). I am also confused about putting in a decent number for both rental and home appreciation, if any advice there, have checked zillow etc. Does anyone recommend a service like rentometer or neighborhood scout specifically?
Thanks again!
