These have been large scale renovations with layout modifications, new electrical, mostly new plumbing, etc as well as a mid higher end finish (quartz counters, marble tile, etc).I'm looking for a benchmark, particularly on timeline.

My thoughts are that maybe I could find something in south Crestwood or the decent parts of Avondale, but the market prices seem to disagree with my benchmarks so far.

Could be a benchmark for the Nation.

If you don't know the cap rate, can you do a back of the napkin calculation by adding total rent, back out 10% for vacancy, then subtract 50% for expenses and take the net number and multiply by 10 to get a benchmark on price to offer?

I found this quote from several years ago:Originally posted by @Mathew Aron:I'd benchmark your new lender's rate against amerisave.com.

This is a good solid benchmark on how you move forward.  

65arv should be a good bench mark

Okay, ever institutional investor has what they call the benchmark, to all it is the S&P 500 composite index cumulative returns (See chart) It is 11% per annum since I think 1914.

The 10 Year Bond is the benchmark for Mortgages.

Rental income is based on today's local going rate and you need to establish that bench mark before you make an offer.