Purchase price: $112,000 Cash invested: $22,000 Bought this 3-bedroom 1 bath house in a vacation town and moved into it.

Use their market analysis tool to sort by properties similar to yours (#bed/baths, SF, location, amenities, etc.) and look through specific listings to find ones VERY similar to yours.

The differences in bed/bath counts actually do not matter that much, but typically sqft does.If you are off by even $100/mo per unit rent-wise, this could turn an 8% CoC return into a 3% CoC return instantly - in which case you'd have been better off just putting your money in the S&P500 and not a rental property.

I am an investor in CO and we're doing a garage conversion including the room above the garage and that is looking like it's going to be 150k but that is for about 800 sq ft including some foundation work, adding a full bath, laundry hook up, and kitchentte. 90-100 seems high for 330 ft to me but that may be CA prices! 

Usually people with good credit, income, can get funding for light, cosmetic rehabs (kitchens, baths, paint, landscape).

Hi @Chris BrackshawNot sure what your REI journey has looked like up to this point but as you being your search trying to figure out what areas to look intoThis website is a great reference point for figuring out what each area is like. https://www.areavibes.com/It gives you a total LIVABILITY score for each street and zip code.

So the ask for my Chicago investors- Anyone have a 3 to 4 bedroom/2 bath home that's not listed with a realtor (We're realtors and see everything that's listed).

Other comparables with the same bedroom and bath count gross $60k-70k annually.

No formula can be accurate across the board because even “cookie cutter” properties next store to each other differ as to view, location to the street, topography of the land, lot size, physical condition of the property, past remodeling, quality of the mechanical systems, sunlight, utility bills, past use, etc.  

As a fellow realtor I would recommend keeping this website in your tool belt.https://www.areavibes.com/It gives you a LIVABILITY score for each street/zip code.