ROE and IRR, etc will tell me more about the PROFITABILITY of a property. 

@Luke Grogan, Portfolio wide it looks like you're making a real 7% ROE. 

My lawyer appealed immediately as the decision was made and it was quickly overturned by someone that had some sense.

For those that don't know Arizona is one of the few states that have legislation in place prohibiting cities from banning and regulating STR's, however, based on the above we can see that this is under attack and will most likely be overturned at some point. 

You see, ROE (Return on Equity) - in normal circumstances - decreases steadily over a period of years. 

@Santiago CazorlaThe difficulty in gathering information on an ROE is the information might not be available.

Condos have no land value so you should be able to depreciate your entire purchase price over the 27.5 years, but check with a pro.Normally my 1% producers (buy for $100k, rent out for $1000/mo) I buy with cash provide me with an ROE of 7%, but those are houses.

Your vacancy looks very low, too.The bigger issue is that even with your optimistic cash flow assumptions, your Return on Equity (ROE) is only ~7%.

After expenses we net $32k/year - so that's a 11% on ROI and 4% ROE. 

Of course, with only 1 vacant unit, it's probably a decent property in a decent market and location, not a D asset in a war zone.SFH isn't performing as well these days.Rents are going up, and finding qualified tenants is not a problem (we always have a replacement tenant lined up with lease signed and SecDep collected before the previous tenant moves out), but the metrics have suffered due to rising SFH values.Where we used to be at a GRM around 8.33 (or so-called "1% rule"); thereby yielding a 6.6 Cap assuming a 45% OER, prices have increased disproportionately to rents and our portfolio Cap Rate is now closer to 5.5% or lower (fact is, even if your SFH is fully remodeled like ours are and therefore have very little R&M or Replacement Reserves, NH RE Taxes are high enough to put you at or near 45% OER).Not that I'm complaining about our asset values heading up (it's about time the RE recovery came to the tertiary markets of NH), but the ROE it's causing is tough to live with; especially given the lost economies of scale when comparing a portfolio of SFH to a large MFH complex.