So, the value we add will increase as the deals get larger and multiply.

Purchase Price: $45,000.00 Purchase Closing Costs: $3,000.00 Estimated Repairs: $10,000.00 Total Project Cost: $58,000.00 After Repair Value: $45,000.00 Down Payment: $1,575.00 Loan Amount: $43,425.00 Loan Points: $0.00 Loan Fees: $0.00 Amortized Over: 30 years Loan Interest Rate: 4.00% Monthly P&I: $207.32 Total Cash NeededBy Borrower: $14,575.00 Monthly Income: $1,100.00 Monthly Expenses: $765.98 Monthly Cashflow: $334.02 Pro Forma Cap Rate: 11.20% NOI: $6,496.00 Total Cash Needed: $14,575.00 Cash on Cash ROI: 27.50% Purchase Cap Rate: 14.44% ExpensesIncome50% Rule Total operating expenses: $558.67 Mortgage expenses: $207.32 Vacancy: $110.00 Repairs: $22.00 CapEx: $55.00 Water: $75.00 Insurance: $75.00 Management: $55.00 P&I: $207.32 Property Taxes: $166.67 Financial Info Income-Expense Ratio (2% Rule): 1.90% Total Initial Equity: $1,575.00 Gross Rent Multiplier: 3.41 Debt Coverage Ratio: 2.61% Analysis Over Time Show Assumptions Year 1 Year 2 Year 3 Year 4 Year 10 Year 20 Year 30 Total Annual Income $13,200.00 $13,464.00 $13,733.28 $14,007.95 $15,775.22 $19,229.91 $23,441.15 Total Annual Expenses Operating Expenses Mortgage Payment $9,191.81 $6,704.00 $2,487.81 $9,325.89 $6,838.08 $2,487.81 $9,462.65 $6,974.84 $2,487.81 $9,602.15 $7,114.34 $2,487.81 $10,499.71 $8,011.90 $2,487.81 $12,254.27 $9,766.46 $2,487.81 $11,905.26 $11,905.26 — Total Annual Cashflow $4,008.19 $4,138.11 $4,270.63 $4,405.80 $5,275.51 $6,975.63 $11,535.89 Cash on Cash ROI 27.50% 28.39% 29.30% 30.23% 36.20% 47.86% 79.15% Property Value $45,900.00 $46,818.00 $47,754.36 $48,709.45 $54,854.75 $66,867.63 $81,511.27 Equity $3,115.68 $4,739.91 $6,418.64 $8,154.07 $19,895.12 $45,901.92 $81,511.27 Loan Balance $42,784.32 $42,078.09 $41,335.72 $40,555.38 $34,959.63 $20,965.72 — Income, Expenses and Cashflow IncomeExpensesCash Flow Loan Balance, Value and Equity EquityLoan PayoffProperty Value

This means that you take your monthly PITI payment (principal, interest, property taxes and insurance) and multiply it by 3 or 4, depending on what your lender requires.

Multiply that by the sqft of the home you're looking at and that will give you a rough ARV idea. 

Purchase Price 275,000.00  Interest Rate I was quoted 4.5% by a credit unionLoan Amount 206,000.00 Loan Amortization 30 years Term 10 yearsAnnual Debt Service 12,528.00 CURRENT FULLY RENTED STABILIZED AT MARKET RENT Gross Rents 22,230.00 39,120.00 48,000.00 Vacancy 7% 0 2,738.40 3,360.00 Net Rents 22,230.00 36,381.60 44,640.00 Property Management 10% 0 3,638.16 4,464.00 Leasing Costs 400.00 400.00 Maintenance Reserve 5% 1,819.08 2,232.00 Electric Common Areas 405.96 405.96 405.96 Water 720.00 720.00 720.00 Garbage 1,630.56 1,630.56 1,630.56 Property Taxes 3,742.00 3,742.00 3,742.00 Insurance 966.00 1,200.00 1,200.00 Total Expenses 7,464.52 13,555.76 14,794.52 NOI 14,765.48 22,825.84 29,845.48 Debt Service 12,528.00 12,528.00 12,528.00 Net Cash Flow 2,237.48 10,297.84 17,317.48 Debt Coverage Ratio 1.17 1.82 2.37 CAP Rate 5.3% 8.3% 11% Gross Rent Multiplier 12.3 7.0 5.7

I looked at the county assessor site but the assessment seems low (if I'm looking at it right)... is there a multiplier?

when i go to enter Property Tax and Mortgage Interest on the property, do i just enter the total amout of Interest and Tax, divide that by 12 and multiply by the months i had the property rented?  

I came up with 4.56% by subtracting all of your monthly expenses except your mortgage from your monthly rent, multiplying that by 12 and then dividing by 190,000.

So here goes: (I'm not sure all the info I need to post for help analyzing, so I'll post what I see in the listing)5 unit2BD/1BA each (3 upper apts, 2 'garden' apts - whatever that means)Rents: $625-$625 (3), $600-$600 (1) $300-$600 (1) I don't understand $300-$600 Also looks like the 2 garden apts are vacant1 washer, 1 dryer coin opGross rent: $1525Total Monthly Income: $2800Total Annual Income: $33600Gross Rent Multiplier: 5 (what is this?)

The house I am rehabbing on Sumter Street, that is governed by a .006 multiplier, meaning the value is about $380,000 and the rent is ideally about $2,100.Frankly, I was thinking about not keeping the house due to the potential for flood insurance rates that could kill the cash flow even further.