I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative estimate, probably higher).Purchase price: 295,000Down payment: 25%, $73,750Loan term: 30 yearsInterest rate: 5.375%P&I: $1238.94/moClosing costs: $2800Gross scheduled income: currently $2650/mo, I'm planning on $3000/mo minimum with STR, so $36,000/yearLess Vacancy/Repairs: 10% = $3600*Gross Operating Income: $32,400Less taxes ($4700 (high estimate)), Insurance ($900), and Water/Sewer ($1800):  $7400Net Operating Income: $25,000Less Debt Service: $14,867Before Tax Cash Flow: $10,133CAP rate: 8.47%COC: 13.24%*yes, I know that's low for Vacancy/Repairs/CapEx, thats because we do our own work and management.  

Again, not making a crazy amount of money I earned $90k gross last year doing freelance / W2 money from my company.

On a normal Friday with normal prices the bar would gross $500. 

Hello BP community,I am putting together a proposal for a rental property investment for a foreign national with 2 proposed financing options:30% down payment, the remaining balance financed or Cash purchase.Per my market research in this area, the projected gross income will be72K.

No way to analyse it as a good or bad deal without knowing the gross and net yields??

But hey, we manage everything ourselves now, and the house will do $400k+ in gross rents this year, so maybe it was worth some lost sleep.

So your purchase price plus closing costs are what you subtract from your selling costs to find gross profit. 3, dont forget selling costs... realtor fees and closing costs will be roughly 10% of the selling price at this price point.

@Jerry Brisman yes these programs usually take 75% of the gross rental income to qualify.

Year-goals are to double both my wife's income and mine (34k gross together) within 6 months, and average 4 deals a month by the end of next year.

If it is a buy and hold rental, then I'd include Gross rents, total expenses, debt (if you plan to have a mortgage), ROI, and Cash on Cash return as both $ and %.