CAP Rate (Capitalization Rate) is assessing the property's current rate of return based on taking the Net Operating Income (NOI which is correct gross income less operating expenses) and dividing it by the property's value (or purchase price).

Calendar Syncing - I previously used Everbooked (1% of gross) but no longer do it - I do believe it's easier to do this on your own or have a VA do it for a fraction of the cost.

Gross: 9500 x 12 = 114,000Operating Expenses = 4013 x 12 = 48,157 (calculator excludes the mortgage, acts if it was bought cash)NOI = 65,84365,843/600000 = 10.97

It's a 3,4,4 and at the time of purchase, gross rent was only $4,300.

It says that your gross monthly rent should be equal to or more than 1% of your purchase price.Getting 1% can be challenging in NJ due to high cost of real estate and is not a "to live by" rule but more a guide line.You can still have a good investment if your rental income is less.RegardsChris

When I run the numbers I seem to get expenses (including vacancy) that is usually 55-60% of gross rents.  

Gross Rent = 8832I went with $800 per month even though similar homes go for $750 this home has had upgrades to include wood floors and new carpet.I used a 8% VAC.2. 

This couple does not need more income, they need a budget.I posit that this couple makes $150,000 a year gross annual salary.  

Units: 36Building Size: 28,000 SFPrice/Unit: $27,777.78Property Type: MultifamilyProperty Sub-type: Garden/Low-RiseProperty Use Type: InvestmentCap Rate: 11%Gross Rent Multiplier: 5.26Occupancy: 92%No.

Don't forget that with nightly rentals you'll be subject to Washington and Seattle city B&O tax on your gross receipts from the nightly rentals.