Just wanted to gove conservative numbers!

I do not want our clients to be the precedent setters so we are conservative as these SDIRAs are great tools. 

If I read this rightGross Income Reported is $81900Vacancy 5%GIR-Vac @ 5% is $77805NOI $55805From what I can calculate that works out to a 9.71% cap rateWhich puts the est Property Value at $541,867 That's not too far off which is good.With the 50% method and using 10% Vacancy Rate, it drops the value down to $357,862 Gross Income Reported $ 81,900 Vacancy 10% GIR -VAC $ 73,710 NOI $ 36,855 Listed Cap % 9.71 Est Prop Value $ 357,862 Now again my math may be off but I think that you should be somewhere between those 2 numbers on price and of course that will depend on a lot of other factors and how conservative or aggressive you want to be with your numbers. 

Hi Matt, in my experience and in speaking with other investors who have bought vacation rentals I would lean on the side of being very conservative with my underwriting.

Using the criteria of buying at 80% of the asking price ($159000) and using relatively conservative numbers when calculating my expenses I am looking at close to 400 dollars per month cash flow.

@Bryce SablotnyBelieve me, you are always better to err on the side of being too conservative.  

I'm more at the 60-70% rule which seems overly conservative to me although many buildings are very old and need a lot of work.

Succinctly, I think there's an art and a science and that you should use conservative underwriting and follow the data.

ARV is around 450k on the conservative side.I've flipped a few properties with a couple in the 500k-600k range.

I'd just be sure that you were good (preferably conservative) in your analysis.