High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

Increased NOI and lowered Cap Rate.What was the outcome?

Just an opinion now that cap rates on NNN are still pretty low. 

. $1,500 in rent on properties worth $265,000 will generally not get you a 7.5% cash on cash (or cap rate).

As much as I would think it would be overpriced, I would be willing to pay the same for a software that met all the metrics a RE investor would want in one single platform.My post isn't about how to make QBO cheaper, its about finding or creating a better system to track property performance, cashflow, debt, cap ex, and all the metrics we want to see along with our accountants. 

You need to be putting away money each month for Cap ex.

For example, seller may have 4.5% debt and so current NOI is worth more to seller than a new buyer who has to pay 6.5% debt.Seller finance is a great tool too.My only caution is to NOT overpay for a property in exchange for seller finance at an attractive rate.Here is a hypothetical say market cap is 7.0%.New conventional debt is 6.5%.But seller will carry at 5%.With seller finance at 5%: What price does one pay?

In 12209 you want to be on Delaware Ave or preferably west of it. 12208 is the area around Albany Med/Law schools which has a lot of good neighborhoods but prices are higher and cap rates are low.

Does it have enough reserves, any special assessments on the horizon (could be extra thousands in additional fees), when is the next big expense coming (like roof change, elevator replacement, etc), the rent cap and what rents options are available.

On the positive side, a new build truly should have minimal cap ex for the first 5 to 10 years (depending on which builder you are using of course...)Best of luck in your decision - I would be curious to see if you can find any local investors who are actively buying new builds in Hazel Green right now.