The numbers that have worked so far are 150/sqft However that is in the 550-650k exit range.

@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.

Most of the designers I have have sort of a baseline price i.e $2.50/per foot but it can go up or down on other factors

As a builder, I target about 15-20% profit per build ($500k-800k price range, low-mid in my area).

A lot of factors go into this. 

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

A general range tends to be 85% to 100% covered.

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

The cash on cash number is what I liked about it and I think the Capex will not be a big factor because of the Tenants already are there and have been there and want to stay for long term so vacancy was set lower.