So, subtract your monthly mortgage cost and calculate how profitable they would be.Assuming they're not losing money I'd probably consolidate for a bit, not take on any more debt (of any kind), pay down all debt, but particularly pay off the SMALLEST loan.

Subtract the $10,000 in repairs, then another $10,000 for our assignment, and you get $29,500.

Is so, I can calculate the additional property taxes and subtract that by 10% of the rents, but I'm not sure if that's even accurate.

when you guys determine arv you multiply the expected sales price by.7Then subtract repair costs.But, do you also subtract all the quiet costs?

I subtracted from the cheapest one because that sold in March.

Once you subtract all the deductions from the rent received, you're left with a negative number.

.$500 - $100 = $400 <------- Subtract your cashflow.$60,200 for 30 yrs @ 7% = $400.51 <----- The most you could pay for a property that rents for $1000.Somebody feel free to correct me if I'm wrong.Bartstop

The NOI, based on the forecast provided by the on-site management (extrapolated from previous years), is $220K, though this is after $60K in management overhead has been subtracted.

Your calculation of cashflow at 45000 was $20 off ($400-$342=$58) and if you subtract the $50 for taxes you end up with $8 a month.

Anyway, the correct way if your valuing by the income approach is to take the total yearly gross income, subtract all of the expenses except debt service (principal and interest payments).