Multiply that by 25 years (conservative because you do NOT draw on principle in RE, like you do in stocks) yields a normalized value of 300K. 

Another way I quickly do a little Farmer’s Math is if I really like the area and know rental comps etc... like the back of my hand, I like properties that have a GRM (Gross rent multiplier) of about 5.  

Think about every bureaucratic hang up you can think of, multiply by a factor of 10.....that's what you should prepare for

There’s about 4 listed on Mayfair which is a southern Anchorage area and they are bigger and nicer than most but, again, with a gross rent multiplier of .8-.85 they may not have the cashflow you’re looking for and given their age they may be more maintenance than might be reasonable if you want to do the work yourself.

I would add a contingency multiplier to the total for added cushion. 

Go one step further and check the voltage and amperage on the name plates of all your appliances, multiply the numbers and you get watts, and then add up the amount of watts from each appliance that is on the landlord electric meter and compare those total numbers If you can’t find anything noticeably different about the two buildings then talk to an electrician who may be able to provide you with further insight.

Multiply by the square footage of a single floor of your house.

All of them between at a .70 and .75 multiplier of ARV.. 

A SIMPLE Guide to Calculating CAPEXSO MANY INVESTORS CHOOSE TO IGNORE CAPITAL EXPENDITURES BUT I 100% AFFECTS YOUR INVESTMENT RETURN.There is a clearly defined way to come up with a multiplier you can use across your properties.

"That’s where the major multiplier effect of their impact is going to happen," he said.