Multiply by the number of days they will be in unit before the next first of the month.

Multiply that my twelve so $9600 would be your annual Net Operating Income.

So this property has 2 3bd 1ba units, 2 bd 1ba, and 2 1bd 1ba units for the total of 6.the MLS information: Financial InformationCash Out, ConventionalAnnual Taxes: $4,412Tax Year: 2017Cap Rate (NOI/LP): 0.60Gross Rent Multiplier: 13Total Monthly Income: $4,190Gross Scheduled Income: $50,280Gross Adjusted Income: $50,280Net Operating Income: $40,350Insurance Expenses: $2,170Water/Sewer/Garbage Expenses: $1,325Other Expenses: $2,023Total Expenses: $9,930Total Expenses: $9,930So we have a duplex and a triplex in the area where we get b/n 1300-1500 for a 2bd 1ba the smaller of the units being around 800 sqft, so I was using that rental number for our projections for both the 3bd and 2bd in this property.Likewise we have a 1bdrm that is around 500 sq ft that we currently rent for $850 and I used that figure for the 2 1bd units at this property (which is on the low end also as we've seen other 1bds going for up to 1K.)Leaving expenses where they are - does this deal make sense to do as a BRRR?  

Furthermore,BiggerPockets is not responsible for any human or mechanical errors or omissions.Financial ProjectionsTotal Initial Equity: $68,350.00Gross Rent Multiplier: 8.06Income-Expense Ratio (2% Rule): 1.00%ARV based on Cap Rate: -50% Rule Cash Flow EstimatesTotal Monthly Income: $1,650.00x50% for Expenses: $825.00Monthly Payment/Interest Payment: $565.71Total Monthly Cashflow using 50% Rule: $259.29

I’m currently evaluating a triplex in Wilmington North Carolina, Gross rent multiplier is 8.1, net income after financing is solid, Cap Rate is at 6%.

Originally posted by Account Closed:@Christopher B.The iPhone is a force multiplier.  

Unless you have a air tight deal then you're royally screwed and because you're leveraged you can multiply that screwed factor by how many deals you have that are not good.

It would seem that maintenance risks are only multiplied which is one of the main risks that pops into my head.

But that number doesn't mean too much in this case because I am buying multifamily homes which are more based on CAP rate or rent multiplier unlike residential SFH's.

Multiply that by X number of other people competing as well.My journey is by no means the only or best way to go, of course ... but you likely don't know what you don't know by trying to jump straight to that fourplex house-hack.