What is your gross rent multiplier and NOI per unit?

Finally found a good deal seller accepted offer and closing soon what do you think, the property is in a good area of town and near the highway so turnover should be low, this is my first deal I found myself.Property Type: Multi-FamilyLot Size: 15,246 sq.ft.UNIT INFORMATIONTotal Units: 2 Total Square Footage: 1,966UNIT MIX & RENT ROLL1 Unit - 3 Beds, 1 BathSquare Footage: 1,116Gross Rent: $ 1,350 Per Month1 Unit - 2 Beds, 1 BathSquare Footage: 850Gross Rent: $ 1,050 Per MonthPURCHASEPurchase Price: $ 141,000Purchase Costs: + $ 4,230Rehab Costs: + $ 30,910Total Cash Needed: = $ 176,140After Repair Value: $ 235,000Price Per Square Foot: $ 71.7Price Per Unit: $ 70,500RETURNS & RATIOS (Year 1)Cap Rate (Purchase Price): 11.6%Cap Rate (Market Value): 6.9%Cash on Cash Return: 9.3%Return on Equity: 6.9%Return on Investment: 35.9%Rent to Value: 1.7%Gross Rent Multiplier: 4.9FINANCINGCash Purchase BRRR after RenovationsASSUMPTIONS & PROJECTIONSRehab Cost Overrun: 10%Vacancy: 5%Appreciation: 1% Per YearIncome Increase: 2% Per YearExpenses Increase: 2% Per YearPURCHASE COSTSTotal (3% of Price): $ 4,230REHAB COSTSExterior Paint: $ 800Interior Paint: $ 2,000Flooring: $ 2,000Kitchen: $ 1,800Bathrooms: $ 2,000Electrical: $ 3,5002nd Exit On 2nd Floor: $ 10,000Replace Drop Ceiling: $ 6,000Cost Overrun: $ 2,810 (10%)Total: $ 30,910CASH FLOWGross Rent: $ 2,400Vacancy (5%): - $ 120Other Income: + $ 100Operating Income: = $ 2,380Operating Expenses (42.9%): - $ 1,020Net Operating Income: = $ 1,360Cash Flow: = $ 1,360Cash Flow Per Unit: $ 680MonthlyOTHER INCOMEStorage Rental: $100MonthlyEXPENSESProperty Taxes: $ 275Insurance: $ 83Maintenance: $ 192Capital Expenditures: $ 120Utilities: $ 350Total: $ 1,020Thoughts or ideas

By my math you're both wrong I did 27/ 31 and multiplied by the rent and got $2,612.90 you charge rent by the month not by the day and prorate as a percentage of the month.

Each county has many municipalities which massively multiplies your self-imposed learning task.Pick one county or two and a few municipalities, ideally where you live to get started. 

Thanks in advance.2% Rule, Total Initial Equity, Typical Cap Rate, Gross Rent Multiplier, Debt Coverage Rate, and ARV

I bet any bleeding heart who feel it's immoral to subjugate a foreclosure hasn't lived next door to one & watched their own property value take a dive & then watched rodent infestations multiply or have local hood rats break in to further trash the home & use it as a den to pursue nefarious deeds. 

Hi Jonah,I'm just starting out too and its been suggested to me by a couple of investors to also include the Gross Rent Multiplier when analyzing a property. 

@Greg Gibson The best investment you can make is in yourself and applied what you've learned and it will multiply 10X or more. 

Michael,I would sell the house, assuming its a rental, and free up all your cash so you can multiply it.

Would you just work something out with the buyer, rebuild, etc.The other downside to having the buyer carry their own insurance is that you have to now monitor and be involved with when and if they pay, the notices that go along with this from the insurance company and the time you will be spending to monitor this multiplied by however many properties you own.Thanks!