There are a lot of small multis in the Sunnyslope neighborhood of North Central Phoenix, which can vary dramatically from one street to the next.

The cost for the services rises dramatically every year.Have you guys experienced similar issue and have tried to negotiate with them? 

That being said, your overhead can increase dramatically.

Each of these variables will dramatically change the advice for the individual asking this question.

Our market has seen a dramatic increase in activity and interest from NY residents.

@Sam Liu  When doing this search, I would make sure they owned rental properties, otherwise they will not understand the dramatic changes that have happened hear in Memphis such as hedge fund impact and over saturation in certain areas.  

This would dramaticly reduce your buyers.Many buyers get a realtor 1st, then realtors look through listings.Not many Realtors are going to be brining your listing up to their clients.

Depending upon your area that could change dramatically.

Scott/Heather,From your numbers, you have an excellent deal.Be sure to verify if the tenants pay the utilities or if it is an all bills paid (by owner) Owner paid bills can dramatically increase your expense ratio.What stae is the investment in?

Any particular property in any particular year will vary from this benchmark, perhaps dramatically.