Call those 70% of GOI, that mean you'll need to gross $450,000/yr or $37,500/month.

@Dolly La Salle Those numbers will vary by the type of property you’re looking at.Our portfolio is 50 to 80 years old and we expect about 10% of gross rents in maintenance. 5% is a good vacancy rate.

Hi all,Looking at potentially picking up a 4plex (recently renovated, $425k asking, rents are $4050/mo gross + $1045/mo gross RUBS) in the Larchmont area, currently off-market opportunity. 

The windows are the double string windows and the frames are a bit gross but are about 95% functional.

I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

You take the gross annual income for the property and then subtract all of the operating expenses.

Total Gross Monthly rent between the two rentals is 4550. 

For the $900 we’d gross, it doesn’t make sense to tie up the $360K in equity.Frankly, this economy has me questioning if I want to wait for the next downturn to invest as interest rates are nearing 5% and property values are beginning to stagnate as we approach our 10th year of economic growth.

Cap rate is based on 40% expenses of the gross and 5% vacancy. 

I am using far more conservative numbers for my property; I am self managing but usually do 10% for management, 10% for CAPEX, 8% for maintenance, 8% for vacancy; these are percentages of the gross monthly rent (for this property, its $1900 rent income per month).