The housing authority who manages Section 8 uses an affordability calculator that encompasses utilities and fair market rent as determined by HUD, and evaluates the tenant's need to make sure everything meets the program requirements.

The formula for calculating NOI is as follows:NOI = Total Rental Income - Operating ExpensesTotal Rental Income includes the revenue generated from all rental units, while Operating Expenses encompass the costs associated with maintaining and managing the property, such as property taxes, insurance, utilities, repairs, and property management fees.2.

I view the area as a bit rough but it has its charms for sure.

Immerse yourself in the timeless charm and modern luxury of this beautifully restored property.

That's another charming area.Overall this is also an area I looked into, but I thought the ask prices were fairly inflated in the fall of last year.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $380,000

Cash invested: $95,000

In 2020 we Bought a 2 bedroom, 1 bath, outdated home built in the early 80s. My wif...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $380,000

Cash invested: $95,000

In 2020 we Bought a 2 bedroom, 1 bath, outdated home built in the early 80s. My wif...

The home had so much charm even through it's disgusting current state.

It's kind of unfortunate because it's taken away from some of the charm of the downtown/campus area.I've been seeing what your seeing as far as selling prices not allowing for decent renting cash flow. 

The highlands is the nicest part which is filled with old charming homes.