Multiply the sale price by 1% gives you the rent you might get which should be figured by comps in that area.Another thing to consider is the ability to make the tenant responsible for those utilities because those could vary widely and be your regret on taking that responsibility. 

I like (and invest in) Champaign, but only if you're local and can find a great deal or use some other profit-multiplier method (like BRRRR or house hacking).

Time weight on multiplier of capital invested.

It will generate a PDF with all the Comps you selected, photos, and will provide a breakdown of key metrics, including, but not limited to, an estimated ARV based upon the Average Sale Price/SqFt, which is multiplied by the square footage of your subject property.Two other recommendations: I'd recommend reviewing the market analysis of the neighborhood/zip code, including the sales trends.

Its a lot of work, but I couldn't agree more abut the cash flow multiplier.

A huge deal in the profit equation when you pay $100-200k in taxes.The ROI counting taxes returned multiplies many times upfront.I need a good team though…

** Cash Flow (Monthly) ** Rent: $ 1,300 Vacancy: 8% (-$ 104)OI: $1196 Expenses: -$ 561 (all in for taxes-$2100, ins-$1000, PM-12%, r$m $780, capX $780, license $204) Net Operating Income: $ 635PI: $243 (based on 60k purchase) Cash Flow: $392 (this is based on 60K)looking to do costs out of pocket strong maybe on rolling into a construction loan (called by many names). if rehab costs are financed it would be $149$ cash flow relative to all other monthly expenses ** Returns ** Cap Rate: 12.7% Rent to Price: 2.2% Gross Rent Multiplier: 3.8 COC: 8.8% ** Notes ** Looks to have foundation issues back wall of garage.

As you grow and build equity and a network around you, your options will multiply. 

Instead, it appears that they just decided to take the Market Value and multiply it by a certain percentage. 4.

So, if the comp is located in an area that may have a 10% greater appeal, you’d adjust its sale price down 10%, to account for the Subject’s inferior location.4) Determine a reasonable GRM (gross rent multiplier) and apply that to any missing units of your comps.