Similarly, Houston has published statistics to highlight concerns with STRs: the city counts 10,545 short-term rentals and has logged 7,789 non-emergency 311 calls along with 61,167 emergency 911 calls within 300 feet of these properties from June 2023 to June 2024.

In your example you’re paying 89% of ARV (Price + rehab) before counting any holding costs.  

Personally I would probably just multiple by 0.005 if you're gonna use this as I feel like Zillow always estimates low.But I personally use instant Steadily Insurance estimates inside BrightInvestor - those do vary their estimate by location, unit count, stories, year built, etc.

Manchester CT – 3duplexes, 1 quadruplex and 1 5 plexCanton CT – 1 triplex, 1 five plex and 1 six-plexSouthington CT- 2 duplexesBristol CT- 1 duplex, 2 quadruplex, 1 six-plexBerlin CT- 1 duplex, 1triplexTotal unit count: 54 Rent Role: $73 780 / month.

Simple investment mistakes don't count.

Equity from appreciation and loan principal payment will be captured in ROE; hence conversion to increase unit count and bump up cash flow.

Have you considered getting a pricelabs subscription and getting a little more in depth #'s on amenities, management experience, review count, pools, view vs non-view, etc?

TIARV Park AND Self Storage~4 acres, commercial for $120K (google maps link)Pros: In city, city water & sewer nearby, city allows both rv park AND self storage in Commercial zone, ~$50K worth of timber on propertyCons: Neighbors nearby, traffic visibility not as good here, land needs to be logged/cleaned up - not a big deal reallySelf storage constructed probably out of shipping containers~3 acres, industrial for $135K (google maps link)Pros: clear flat land, higher traffic count between the coast and I5, seller will carry loanCons: zoning does not allow for RV Park, city services unavailable

It depends on the bed count, where its located, etc. 

I never ever count on ARV.