However, with high rates, the next mortgage would be very expensive, and a vacancy would be intensely expensive with two mortgages.

Especially in today's high interest rate environment, a low income buyer is usually going to be better off renting than buying.

So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

I'm open to properties were cap rate is around 10%+ and Return on Cash is 10%-20%. 

Unfortunately, weekday bookings, particularly off season, are mostly rate driven.  

Quote from @Patricia Andriolo-Bull: Quote from @Dominic Mazzarella: I believe that Stessa isn’t designed to handle all the nuances of depreciation and tax adjustments perfectly.

Interest rates doubled within a six month period of time and property sales almost completely stopped. 

I'd expect those rates in the midcity/southdowns area, but not tigerland/brightside. 

Lenders or investors who have short lock up periods but have years of experience feeding their business with new capital would give me more comfort but anyone who is just starting and is promising a rate of return or return of capital in a set period of time would be alarming because they very well could be reliant on fresh capital to make good on that promise and that usually ends poorly.

Crime rate is high in this neighborhood.