I recently came across the following listing (https://www.trulia.com/p/nj/mo...) and wanted to get your initial thoughts / mindset on how you would potentially analyze this property as a potential investment.From a high level perspective, these are the variable factors that I considered when crunching the numbers:- Purchase Price: $500K- 20% down / 30 year mortgage~6% interest rate (conservative rate)- ~$9,500 / year in property taxes - agent mentioned you could potentially collect a total of $4K / month in rent (one unit is currently being rented as month to month while the other is vacant), but let's use ~$3,800 to be conservative- so ballpark estimate of my monthly mortgage will be ~$3,500 and if I'm conservatively estimating a total of ~$3,800 a month in rental income leaving me with a net ~$300 / month- therefore my CAC for the year ($300 / month x 12 = $3,600 / initial cash outlay of ~$112K ($100K down + ~$12K in closing costs) = 2.5%I know there are other things I didn't consider such as vacancy rate, maintenance, and whether I would use a property manager which would all drive the return even lower but a 2.5% return doesn't seem like a good investment.Am I thinking about this the right way?

My opinion; Nothing I want to put my $ in right now in my preferred market area (none of it crunches as rentals).

This you can gleen from the above list, but taking a quick note will help you later on as you are crunching that data.That will be a good starting point. 

If you are crunched for time and have the other two, find a partner/mentee/intern/apprentice that can fill in the missing piece.  

Is $215k a sustainable appraisal come refi crunch time?

I'm sure that's not the case here but my point is, crunching the numbers is only one component of your journey.

But crunch your numbers and talk to some lenders in advance. 

Thank you all so much, I couldn't have even begun to crunch the numbers if it wasn't for this place haha.

I know you could crunch the numbers away and probably find some kind of information.

One was slightly motivated but wasn’t in a financial crunch so he didn’t have to sell.